Another giant after Baidu! Alibaba reportedly plans to spin off Pingtouge for an independent listing, with its stock surging over 7% intraday.
Following Baidu, another domestic internet giant is preparing to spin off its chip subsidiary for an independent IPO, and this time Alibaba may officially bring its long-hidden “nuclear weapon” to the public market.
On Thursday, January 22, Eastern US time, media reported that Alibaba Group is preparing to push forward