Alibaba plans to split into six main units, explore IPOs, Bloomberg reports

Alibaba is planning a major overhaul, including splitting into six main units that will individually raise funds and explore IPOs, Bloomberg’s Jane Zhang reports. Group CEO Daniel Zhang will head up the cloud intelligence division, while former international retail chief Jiang Fan will head up the digital business unit, and longtime executive Trudy Dai will lead the Taobao Tmall online shopping division. Its other divisions include local services such as meal delivery, the Cainiao logistics group and digital media and entertainment. Reference Link