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China’s E-Commerce Giant Alibaba to Be Broken Up as Billionaire Co-Founder Ma Returns to China

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China’s E-Commerce Giant Alibaba to Be Broken Up as Billionaire Co-Founder Ma Returns to China
Founder of Alibaba group Jack Ma arrives for the Tech for Good summit in Paris on May 15, 2019. Thibault Camus/AP Photo
By Alex Wu
3/30/2023Updated: 3/31/2023
0:00

Chinese e-commerce giant Alibaba said on March 28 that it will split into six units, as its co-founder, Chinese billionaire Jack Ma, reportedly has returned to China at the Communist Party’s request after spending more than a year overseas.

China observers believe this shows that Beijing’s policy toward large, privately owned Chinese tech companies hasn’t fundamentally changed.

Alex Wu
Alex Wu
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Alex Wu is a U.S.-based writer for The Epoch Times focusing on Chinese society, Chinese culture, human rights, and international relations.
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