Alibaba Cloud will spin off and go public

Alibaba Cloud will spin off and go public

DIYuan | 2023-05-19 20:49

【数据猿导读】 Alibaba Cloud will spin off and go public

On May 18, Zhang Yong, Chairman and CEO of Alibaba Group, Chairman and CEO of Alibaba Cloud Smart Group, sent a letter to all employees of Alibaba Cloud: Given that the business model, customer characteristics and development stage of Cloud Smart Group are different from those of Alibaba Group, Most consumer Internet businesses have huge differences. We plan to completely separate Cloud Smart Group from Alibaba Group and complete the listing in the next 12 months, forming a new company that is completely independent from Alibaba Group in terms of equity and corporate governance. At the same time, Alibaba Cloud Intelligence Group will introduce external strategic investors.

来源：DIYuan

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