Alibaba's IPOs and Splitting Up Raise Investor Concerns.
Alibaba Group plans to monetize non-core assets and may give up control of some businesses after they go public, according to CEO Daniel Zhang. The company's restructuring into six separate business units will allow them to become more agile and list on their own. Alibaba will retain seats on the boards of the new units in the short-term, but will decide whether to continue to retain control after they go public. The move comes after a regulatory crackdown on China's tech giants, and Alibaba's market valuation has declined to $260 billion from over $800 billion.