CurriedFarts t1_je16k0z wrote on March 28, 2023 at 5:48 PM Reply to Alibaba to split into 6 units and explore IPOs; shares pop 7% by Ben_aid I think Xi and company reluctantly realized they need leaders like Ma to bolster China's AI efforts, which seem to be slipping as of late, but they split up the Alibaba empire to save face and make it known they hold the reigns. Permalink 1
CurriedFarts t1_je16k0z wrote
Reply to Alibaba to split into 6 units and explore IPOs; shares pop 7% by Ben_aid
I think Xi and company reluctantly realized they need leaders like Ma to bolster China's AI efforts, which seem to be slipping as of late, but they split up the Alibaba empire to save face and make it known they hold the reigns.