Alibaba tells investors its overhaul will make the business more 'agile' with market changes

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

'We believe this will allow all of our businesses to become more agile ... and respond faster to market changes,' CEO Daniel Zhang told investors.

Zhang added that the group has been working on Alibaba's "transformation" for years, and that the separation of the entities will eventually lead to a shift in the relationship with its businesses.

When asked about the timeline of Alibaba's restructuring, Zhang said the "strategy and business planning for the business groups will commence immediately."CFO Tony Xu said separating Alibaba's entities would allow it to determine the performance of each business. CreditSights in a Wednesday note said the Chinese government could implement similar strategies in other large technology companies.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 12. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

STOCK MARKET NEWS: Alibaba split, Lyft’s new CEO, SVB hearings, Walgreen’s, Micron reportInvestors will monitor the first Silicon Valley Bank hearing, Jack Ma’s Alibaba is restructuring, Lyft gets new CEO and Walgreen’s, Micron report. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Bron: FoxBusiness - 🏆 458. / 53 Lees verder »

Alibaba to overhaul into six units while retaining stock-market listings: reportAlibaba will overhaul its operations, the South China Morning Post reported, citing a letter to employees. The company will reorganize into six independently...
Bron: MarketWatch - 🏆 3. / 97 Lees verder »