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Alibaba, China’s largest tech firm, set to restructure into six spin-offs [TechSpot]
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The split companies will focus on six tech sector areas, including cloud computing, e-commerce, and logistics. According to Nikkei Asia, the new companies will include the Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Service Group, Cainiao Smart Logistics, Global Digital Commerce Group, and Digital Media and Entertainment Group.