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Alibaba breakup bid raises hopes of end to China’s tech crackdown | Business and Economy

2021 04 10T000000Z 1463517161 RC2TSM9XA04M RTRMADP 3 CHINA ALIBABA

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Shares in Alibaba Group and other leading Chinese tech firms have risen as investors cheered an unprecedented revamp of the Jack Ma-founded company as heralding the beginning of the end to Beijing’s crackdown on the sector.

Alibaba said on Tuesday it was planning to split into six units and explore fundraisings or listings for most of them, in the biggest restructuring of the technology…

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Written by bourbiza

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2020 11 28T162636Z 215295845 RC2GCK9050WE RTRMADP 3 UKRAINE ANNIVERSARY

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