Alibaba may yield control of some businesses if they opt to list, Reuters says

Alibaba may cede control of some businesses if they opt to list after its overhaul and plans to monetize non-core assets to improve capital structure, Reuters’ Josh Horwitz, Kane Wu, and Julie Zhu report. "Alibaba will be more of the nature of an asset and capital operator than a business operator, in relation to the business group companies," CEO Daniel Zhang told investors on Thursday, while CFO Toby Xu said the group would "continue to evaluate the strategic importance of these companies" and "decide whether or not to continue to retain control." Reference Link