Alibaba: The Next Era Begins (NYSE:BABA)
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Alibaba Group is preparing to break up the company through spin-offs, aiming to unlock unrealized value. The first step is an IPO by its logistics unit, Cainiao Network Technology, which plans to raise at least $1 billion. The IPO is progressing well, demonstrating Alibaba's commitment to splitting the company into six different entities. Despite recent challenges, Alibaba's revenue and profit growth have improved, with a 14% increase in revenue and a 32% growth in profit in the most recent quarter.
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Q: What is the article "Alibaba: The Next Era Begins" about?
A: The article discusses the reelection of Xi Jinping as the general secretary of the CCP and its impact on Alibaba and China's companies.
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