QUOTES-Alibaba to split into six units

March 28 (Reuters) - Alibaba Group Holding Ltd said it plans split its business into six main units covering e-commerce, media and the cloud, adding that each of the units will explore fundraising or initial public offerings. Alibaba's U.S.-listed shares rose 7% in pre-market trading.

Here are comments from analysts on the move:

KENNY NG, STRATEGIST AT CHINA EVERBRIGHT SECURITIES, HONG KONG "It releases additional value. with this expectation, investors will be more positive on Alibaba. It may reflect a new round of development for the business and reduce worries of regulatory issues." (Reporting by Tom Westbrook; Compiled by Anshuman Daga; Editing by Louise Heavens)

Reuters

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QUOTES-Alibaba to split into six units

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