Alibaba breakup shows global tech firms how to unlock value

(Image: Getty)

Thu, 30 Mar 2023

By Jane Zhang, Zheping Huang, Henry Ren and Alice HuangAlibaba Group’s overhaul could serve as a template for a restructuring of 'China Tech' itself: a shake-up that achieves Beijing’s aim of carving up the country’s tech titans while unlocking potentially billions of dollars in pent-up shareholder value.China’s online commerce leader surprised markets by announcing Tuesday plans to split its US$220 billion (NZ$353b) empire into six units that will individually raise funds and explore initial public offerings (IP...

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