Alibaba Group Holding Ltd., the Chinese ecommerce giant, announced plans to separate into six independent companies. These companies could then seek their own IPOs. This would effectively destroy a business empire that Jack Ma had built up over two decades.
Reappearance in China
Restructuring of China's biggest private sector company, valued once at over $800 billion, but now only worth a quarter, follows Chinese authorities' recent signals that they are winding down the company.
A new wave of regulatory restrictions
Reining in the powerful tech sector of the country