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Alibaba Weighs Ceding Control of Some Businesses Over Time

  • Alibaba will consider stepping back after units get spun off
  • The new divisions will begin separate strategy planning now
Bloomberg business news
Alibaba to Become More Capital Than Business Operator
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Alibaba Group Holding Ltd. will consider gradually giving up control of some of its main businesses, after completing a major overhaul to create six new companies that may debut on public markets.

China’s online commerce leader unveiled plans this week to split its $250 billion empire six ways, a historic restructuring that frees up divisions from e-commerce and media to the cloud to operate more autonomously and seek initial public offerings. Chief Executive Officer Daniel Zhang hosted a conference call on Thursday to explain the changes, but declined to specify a timeline for any IPOs except to say they will evaluate market conditions.