Alibaba splits into six units that may pursue individual IPOs -Bloomberg News

(Reuters) – Alibaba Group Holding Ltd plans to split its $220 billion business into six main units, encompassing e-commerce, media and the cloud, each of which will explore fundraising or initial public offerings, Bloomberg News reported on Tuesday.

(Reporting by Lavanya Ahire in Bengaluru; Editing by Savio D’Souza)