Alibaba splits into six in biggest overhaul in 24 years

Alibaba never fails to show it’s a fan of restructuring to stay nimble in an ever-changing environment.
The e-commerce behemoth said Tuesday that it will split into six business groups, which will each be managed by their respective CEOs and follow a holding company structure. Each CEO will report to a board of directors and assume full responsibility for company performance.
The decision, which it describes as the “most significant governance overhaul in the platform company’s 24-year history,” came just a day after Jack Ma was spotted in China for the first time after spend

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