Alibaba is cutting 7% of the workforce ... This comes after it announced plans in March to split the company into six business units each with their own chief executive and board of directors.
Chinese stocks rose today on the belief that the Chinese government may soon inject more stimulus into the economy.
The development is part of Alibaba's announcement earlier this year of plans to restructure into six units, following a two-year regulatory crackdown on China's tech sector. Alibaba's cloud ...
Alibaba Group planned to split into six business groups and launch separate public listings, triggering mass layoff, ...
Alibaba, which owns the South China Morning Post, said its six ... unit at some point in the next year through a “stock dividend distribution to shareholders”, turning its cloud business into ...
Chinese Internet giant Alibaba is cutting about 7 percent of its workforce. The company plans to have separate IPOs for ...
Alibaba has initiated a new round of layoff within its unit engaged on cloud service, and could cut about 7% of staff, as part of preparation for a spinoff and the following initial public offering ...
The development is part of Alibaba's announcement earlier this year of plans to restructure into six units, following a two-year regulatory crackdown on China's tech sector. Alibaba's cloud ...
Last week, Alibaba CEO Daniel Zhang had detailed the restructuring of its Cloud division. Earlier, the Chinese tech giant said it was planning to split the company into six business units ...
The development is part of Alibaba's announcement earlier this year of plans to restructure into six units, following a two-year regulatory crackdown on China's tech sector. Alibaba's cloud ...
Last week, Alibaba CEO Daniel Zhang had detailed the restructuring of its Cloud division. Earlier, the Chinese tech giant said it was planning to split the company into six business units ...
