Alibaba.com, the world renown Chinese e-commerce behemoth announced a major restructuring plan this week, with plans to break-up the e-commerce giant into six distinct business units. Five of the six units formed by the restructuring will seek funding in the US capital markets. The notion of unlocking additional value was received well by the markets as evidenced by the spike in share price following the announcement: up 14% in New York and more than 13% in Hong Kong.
Alibaba: China Tech Giant Shares Jump After Breakup Plan Announced
