×
288
Fashion Jobs
LEVI'S
Process Improvement Manager
Permanent · Bengaluru
HERITAGE FOODS
Branch/ Sales Managers @ Heritage Foods - Chennai
Permanent · Chennai
BERGER PAINTS
Area Sales Manager
Permanent · Hosur
THE INFINITY SPACE
Area Sales Manager - Team Handling
Permanent · Bhubaneswar
XOTIK
Area Sales Manager (gt) - Lucknow/Allahabad/Kanpur/Agra/Gorakhpur
Permanent · Prayagraj
XOTIK
Area Sales Manager (gt) - Bhubaneswar / Cuttack / Puri
Permanent · Bhubaneswar
ADIDAS
Senior Specialist - Finance Operations D2C
Permanent · CHENNAI
ADIDAS
Senior Specialist - Finance Operations D2C
Permanent · CHENNAI
TRENZ BATH SOLUTIONS
Area Sales Manager / Sales Executive
Permanent · Dehradun
JANA SMALL FINANCE BANK
Area Sales Manager (Branch Banking) - Bhopal,mp
Permanent · Bhopal
THE INFINITY SPACE
Senior Sales Manager - Business Development
Permanent · Pune
LEAD HR SERVICES
Area Sales Manager
Permanent · Kochi
LUMAN INDUSTRIES LTD
Hiring For Area Sales Manager in Luman Industries in Delhi/Ncr
Permanent · Pune
M T PLACEMENT CONSULTANCY
Area Sales Manager.(Experience Required- Laminate/ Wood Ply Product)
Permanent · Navi Mumbai
TULIP CONSULTING SERVICES
Area Sales Manager - Modern Trade
Permanent · Hyderabad
O3 HIRE
Elemental Opening : Area Sales Manager || South - Retail
Permanent · Tirupati
TRIAKSHA AUTOMATION TECHNOLOGIES
Hiring Regional Sales Manager/ Sales Manager/ Area Head For Chennai
Permanent · Chennai
AJAY'S TAKEAWAY FOOD
Production Manager
Permanent · Navsari
L'OREAL GROUP
Senior Manager - Marketing (Matrix - Hair Color), Ppd
Permanent · Mumbai
ADD UR CO LLP
Production Manager
Permanent · Chennai
SPINEBIZ
Sales Manager - Andheri Mumbai
Permanent · Mumbai
BRIDGING TALENTS
Area Sales Manager || Retail Fashion Brand || Bangalore
Permanent · Bengaluru
By
Reuters
Published
Mar 29, 2023
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Alibaba's breakup lifts hopes China's regulatory winter is thawing

By
Reuters
Published
Mar 29, 2023

Alibaba Group's plans for a major revamp have been taken as a signal that Beijing's regulatory crackdown on corporates is ending, propelling its shares higher and boosting investor confidence in prospects for Chinese tech firms.


Reuters


The Jack Ma-founded conglomerate said on Tuesday it was planning to split into six units and explore fundraisings or listings for most of them, marking the biggest restructuring in its 24-year history.

Its Hong Kong-listed shares closed up 12%, tracking a rally in its U.S.-listed shares overnight , and giving the group a market value of about $255 billion. Those gains led the Hang Seng Index and other markets in the region higher.

​Many investors have seen a wave of regulatory blitzes over the last couple of years that have hit its internet, private education and property sectors hard as a major cloud hanging over China's private sector.

"We think this is likely a sign that we are moving closer to the end of the regulatory scrutiny...and we would expect that the company moves back into the good graces of the regulators and policy makers after this," said Jon Withaar, head of Asia special situations at Pictet Asset Management.

Alibaba will discuss the plan at a conference call on Thursday.

Alibaba said it would split into six units - Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Commerce Group and Digital Media and Entertainment Group.

The group has been planning to spin off individual business units for a long time, according to two sources familiar with the company's thinking.

"There was a consensus within and outside Alibaba that the stock was trading at a major discount to the inherent value of the businesses," said one of the people, adding that the company had become "too bloated".

The person said there would be five initial public offerings from the units, while Taobao and Tmall, Alibaba's core revenue drivers, would remain with the current listed entity.

© Thomson Reuters 2023 All rights reserved.