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4min chapter
Alibaba’s Big Break up and the Return of Jack Ma
Down to Business English
The Effect of Alibaba's Restructuring on the Market
Last July, under pressure from regulators, Ant Group executives resigned from Alibaba. Fast forward to January the 6th of this year, more officially ceded control of the Ant Group - retaining just 6% of the stock. And in March, Alibaba suddenly splits into 6 smaller businesses, and Jack Ma returns. Most analysts say that Ma's return was specifically timed for the Alibaba announcement to help stabilize the markets. Investors took it as a positive sign that the era of strict regulations against private businesses in China was coming to a close.
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