Alibaba's Overhaul and Splitting Up Raise Concerns and Hope for Investors.

Alibaba Group has reorganized and split into six units to become more "nimble" with market changes, according to CEO Daniel Zhang. The move is seen as a sign of Beijing softening its regulatory crackdown on technology firms. The company's board will continue to have control over its entities, and Alibaba will ultimately determine which entities to maintain control over. Separating Alibaba's entities would allow it to determine the performance of each business, said CFO Tony Xu. CreditSights maintained its "outperform" recommendation on Alibaba after it announced its overhaul plans, adding that the plans won't have much of an impact on the company's credit.