Alibaba Think Tank Dispels Closure Rumors

What’s new: The head of Alibaba Group Holding Ltd.-owned Luohan Academy has denied rumors the think tank is closing but said some of its operations will be handed over to its parent as part of a reorganization.

Chen Long told an online group Sunday that the research institute will remain operational, Caixin has learned. But Alibaba will take over responsibilities such as research on environment, society and governance. Operations including research on the digital economy will be handled by a newly established non-governmental organization named “Luohan digital economy research institute,” he said.