Alibaba splits into six companies and triggers the listing of its shares

By Writing in Spanish with AFP • last update: 03/29/2023 – 11:30

Headquarters of Chinese e-commerce giant Alibaba – Copyright Mark Schiefelbein/Copyright 2021 The AP. All rights reserved

Shares of the Chinese e-commerce company Alibaba have soared 15% after the announcement of its division into six companies. The decision means that each of them will be managed by its own management and board of directors, and will be able to raise funds independently. The goal is to be more agile when reacting to market changes and increase the value of those units. Market experts wonder if this will be the model for global technology giants to follow.

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