News Snapshot:
A person walks past a sign for Alibaba Group during the World Artificial Intelligence Conference, in Shanghai, China, on Sept. 1, 2022.Aly Song/Reuters Alibaba Group’s BABA-N plans for a major revamp have been taken as a signal that Beijing’s regulatory crackdown on corporates is ending, propelling its shares higher and boosting investor confidence in prospects for Chinese tech firms. The Jack Ma-founded conglomerate said on Tuesday it was planning to split into six units and explore fundraisings or listings for most of them, marking the biggest restructuring in its 24-year history. Its Hong Kong-listed shares closed up 12 per cent,...
