Jack Ma's homecoming all part of China's plan: Report
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Restructuring of the Alibaba Group has sent shares of the conglomerate soaring in New York and Hong Kong, as investors bet on the return of regulatory support for China's tech industry and private businesses after more than two years of a brutal crackdown, CNN reported. The nature of the overhaul, in which the internet conglomerate will split its business into six separate units, is a sign that Beijing's campaign against Big Tech hasn't fundamentally changed.