This had a positive effect on the course of the action of his giant Alibaba announcement of a plan to split it into six individual groups. Its share price rose 10% in the US market yesterday after the announcement, according to news agencies. According to available information, five of these six units will explore the possibility of raising new capital and will carry out an initial public offering (IPO) for their listing on the stock exchange. Interestingly, the news was leaked after reports surfaced that Alibaba giant founder Jack Ma, one of the most powerful businessmen in the world, has resurfaced in China after a long absence of over a year.

Ma fell out of the press and the media and almost disappeared from the face of the earth when the Chinese government launched a campaign against him and other tech moguls to limit their power and influence. Tellingly, Jack Ma himself prepared another of his groups, digital payments Alipay, for a listing at the end of 2020 on the stock market, but this was prevented after government intervention. He is said to have settled abroad and has occasionally resided in different countries, but has recently made his presence known at a school he funded. And digital commerce group Alibaba’s share of the US stock market has lost almost 70% of its value since 2020. Investors are deeply concerned about how Beijing and Chinese officials generally view the industry. high-tech.

In the meantime, Alibaba, which in terms of size and volume of transactions is considered a Chinese competitor to the American Amazon, is undergoing what it describes as the biggest restructuring in its 24-year history, and its founder is resurfacing, raising suspicions that the Chinese government is taking a less strict stance on tech companies. The first will include cloud software company Cloud Intelligence Group, the second will be commodities trading Taobao Tmall Commerce Group, the third will be local customer service, Local Services Group, and the fourth will be supply chain systems management, Cainiao. Smart Logistics Group, fifth in global digital commerce, Global Digital Commerce Group and sixth in digital media and entertainment under the Digital Media and Entertainment Group. It is recalled that the Alibaba group has been considering splitting its operations for some time, two authorities say. “There was a perception in Alibaba circles and beyond that a very bloated structure had been created and that the shares were the first to trade at a very low price relative to their value,” concluded one of the aforementioned sources.