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Alibaba to spit itself into 6 business groups, shares soar
Alibaba Group Holding Ltd’s US shares surged as much as 13% after China’s online commerce leader announced plans to split its $220 billion empire into six business units, a major restructuring that promises to yield several initial public offerings.
Alibaba Group Holding Ltd’s US shares surged as much as 13% after China’s online commerce leader announced plans to split its $220 billion empire into six business units, a major restructuring that promises to yield several initial public offerings. 
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