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Alibaba Breaks Up Investment Team, Dispatches Staff to Units

  • Firm is sending about half the team to different divisions
  • Alibaba plans to keep investing and make faster decisions
Alibaba Group Holdings Ltd. in the Pazhou area of Guangzhou, China.

Alibaba Group Holdings Ltd. in the Pazhou area of Guangzhou, China.

Source: Bloomberg

Alibaba Group Holding Ltd. plans to dispatch about half of its investment team to six different business units that will be created after the company’s breakup, according to people familiar with the matter. 

The e-commerce giant is placing about half of 70-some people from its investing arm with the newly formed arms focusing on businesses from cloud services to logistics, the people said, requesting not to be named because the matter is private.