Alibaba, China’s E-Commerce Giant, Will Split Into 6 Units
China’s Alibaba Group said on Tuesday that it would become a holding company
with six different business groups. Alibaba described the restructuring as the “most significant” organizational overhaul
in its 24-year history. It said each unit would have its own chief executive and board
of directors to allow for quicker decision-making. The units will be allowed to seek outside capital
with an eye toward eventual
initial public offerings. Only its China e-commerce unit, Taobao Tmall Commerce Group, will remain a wholly
owned Alibaba entity.
tips
holding company:控股公司
overhaul:彻底检修,全面修改(haul 拉)
borad of directors:董事会(director 导演;董事;主管)
capital:首都;资本
eventual:最后的
with an eye toward eventual
initial public offerings:着眼于最终的首次公开发行(ipo)
wholly:完全地(whole 全部)