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

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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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