Mar 31, 2023 07:18 PM

Tech Insider: Alibaba’s Historic Split Into Six Units, BYD’s Net Income Quintuples

The Alibaba Group Holding Ltd. offices in Beijing. Photo: VCG

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Alibaba to split up its business into six units in historic overhaul

Alibaba Group Holding Ltd. unveiled a historic overhaul Tuesday under which the e-commerce giant will split its $220 billion business into six units with independent decision-making on financing and share sales.

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