breakup into separate companies will allow its business units to become more agile and eventually list on their own, the tech conglomerate's chief executive Daniel Zhang said on Thursday.in the company's history, which will see it change into a holding company structure with six business units, each with their own boards and CEOs.
Alibaba began laying the groundwork for the restructuring a few years ago, Zhang told investors during a conference call, adding the business units could pursue public listings on their own in the future. Alibaba, however, will decide whether the group wants to keep strategic control of each unit after they go public, Xu said.
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