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《大行報告》大和料阿里-SW(09988.HK)旗下菜鳥和本地服務業務分拆上市機會增
大和發表研究報告指,阿里巴巴-SW(09988.HK)董事長兼首席執行官張勇就「1+6+N」組織架構重組方案發表員工內部信,宣布將成立六個新大事業群,包括雲智能、淘寶天貓商業、本地生活、菜鳥、國際數字商業及大文娛集團,並實行各業務集團和業務公司董事會領導下的CEO負責制。 內部信又指集團將實行控股公司架構,每個大事業群和其他投資將保留籌集外部資金和尋求上市的靈活性,當中淘寶天貓商業除外。大和認為,業務重組及成立新事業群符合預期,令各項業務可以在競爭加劇的情況下更快地響應市場變化,料對營運不會造成太多影響。 大和亦估計阿里巴巴旗下菜鳥及本地服務業務分拆上市可能性增加,同時外部融資亦可為集團釋放價值,在股票期權計劃下員工利益與相關事業群更好地結合在一起,亦有助提高員工士氣及留存率,該行維持對阿里「買入」投資評級。
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