Business

Alibaba announced plans to turn itself into a holding company overseeing six divisions, which could potentially pursue their own stockmarket listing. The six units will include the Chinese tech company’s struggling cloud-computing business, media and e-commerce. Alibaba was not forced by regulators to split, but its radical overhaul comes nearly three years after the start of the Chinese government’s crackdown on tech giants for becoming too powerful. Meanwhile, Jack Ma, Alibaba’s founder, returned to China for the first time in more than a year, which was taken as another sign that regulators are easing their campaign.