Alibaba's Revenue Misses Expectations, Plans Global Expansion
Missed Market Expectations
Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday.
Amid Chaotic Restructuring
The group has fallen behind rivals amid a chaotic restructuring.
Plans for Global Expansion
Alibaba already had its sights on global expansion, but the coronavirus outbreak has given it new impetus.
Spin-Off Plans
Alibaba plans to spin off some of its sprawling e-commerce and finance businesses.
Shifting Focus Back to E-Commerce
Alibaba Group Holding is shifting its focus back to e-commerce in a push to revive growth.
Becoming a Holding Company
China's Alibaba Group said on Tuesday that it would become a holding company with six different businesses.
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