2023-05-19 13:20:15
The dismantling of Alibaba begins. The Chinese tech giant took the opportunity of the publication of financial results to announce the IPO of its logistics and grocery branches while splitting its cloud activity (cloud computing). If these are the first concrete decisions since the announcement, at the end of March, to separate its six main activities into independent units, the group founded by Jack Ma took everyone by surprise by unveiling a plan to completely abandon the control of Alibaba Cloud.
Concretely, this activity, which some analysts estimate at 30 billion dollars, will become an independent entity listed on the stock exchange during the next twelve months thanks to a distribution of dividends in shares. Alibaba may end up holding no shares of China’s largest cloud services platform.
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