Alibaba shares soar 15% in Hong Kong on news of major overhaul

[ad_1] Hong Kong-listed shares of Alibaba climbed at the open on Wednesday after the company announced a significant overhaul to split its company into six business groups. The company in…

Alibaba to split into 6 units and explore IPOs; shares pop 7%

[ad_1] Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could…