China Legal Blog
Aggregated China Law Information
Alibaba considers yielding control of some businesses in overhaul
Aggregated Source: ChinaLegalBlog.com

An Alibaba office in Beijing, on April 13, 2021.GREG BAKER/AFP/Getty Images

Alibaba Group BABA-N said on Thursday it will look to monetize non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70 per cent off its shares.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.

Original URL: Click here to visit original article