Tag: Esports Entertainment Group Inc
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Alibaba shares rise 15% in Hong Kong after major revision news
Alibaba’s Hong Kong-listed shares rose during open day on Wednesday after the company announced a major overhaul to split the company into six business groups. The company said in its announcement that the move is intended to “unlock shareholder value”. Signage at the offices of Alibaba Group Holding Ltd. in Beijing, China, on Tuesday, January […]
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Alibaba says it will split into 6 units that can raise funds and IPO
Alibaba said Tuesday it will split its company into six corporate groups, each with the ability to raise outside financing and go public. It is the most important reorganization in the history of the Chinese e-commerce giant. Alibaba said in a statement that the move is “designed to unlock shareholder value and promote market competitiveness.” […]