tiprankstipranks
Alibaba’s (NYSE: BABA) DingTalk Platform Plans Split from Cloud Division
Market News

Alibaba’s (NYSE: BABA) DingTalk Platform Plans Split from Cloud Division

Story Highlights

Alibaba’s work communication platform DIngTalk is likely to split from its cloud business.

Reuters reported on Wednesday that Chinese tech giant, Alibaba’s (NYSE: BABA) work communication and collaboration platform, DingTalk, could split from the company’s cloud division, marking a strategic shift in its operational framework.

Don't Miss our Black Friday Offers:

The report cited unknown sources as stating that while the exact timeline of the separation is not clear, a Chinese media outlet Caixin reported that DingTalk is likely to launch its own IPO in the near future. If DingTalk does separate from Alibaba, it is likely to function as a wholly-owned subsidiary of Alibaba Holding Group. Even after the split, DingTalk is anticipated to maintain a close technological collaboration with Alibaba’s cloud division.

Meanwhile, BABA’s cloud business is gearing up for its own IPO. The cloud division’s potential public offering is initially projected for May of next year.

Analysts are bullish about BABA stock with a Strong Buy consensus rating based on 15 Buys and one Hold.

Related Articles
TheFlyJPMorgan downgrades PDD on low visibility amid reinvestments
TheFlyAlibaba appoints Jiang Fan as head of online shopping assets, Bloomberg reports
TheFlyNvidia reports Q3 beat, Starbucks explores China partnerships: Morning Buzz
Go Ad-Free with Our App