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Posts tagged as “Cloud Intelligence Group”

Alibaba Group Announces Major Restructuring to Increase Value and Expand Services

Alibaba Group Holding Ltd. is restructuring its 24-year history into six main units, with each group focusing on different areas such as cloud computing, e-commerce, logistics, and digital media and entertainment. The restructuring is intended to allow the company to react faster to market changes and increase their value, while also potentially raising outside capital and seeking its own initial public offering.