Alibaba considers yielding control of some businesses post IPO

Alibaba considers yielding control of some businesses post IPO

FILE PHOTO: The logo Alibaba Group for is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly

Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70% off its shares.