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Empire break-up: Alibaba and the six units

One of the most well-known Chinese companies, Alibaba, is about to become six well-known Chinese companies. The e-commerce giant announced that it is going to split into six independent units soon – and its stock celebrated this fact with 14% growth. But when shares show this kind of moonshot, this poses the question – is it too late to buy them?

Alibaba enriched its market value by about $33 bln after investors got the news that the company would spl... Read More

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Posted: Mar 30 2023, 09:15

Author Name: forexlive

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