March 28 (Reuters) – Alibaba Group Holding Ltd (9988.HK) is planning to split its business into six main units covering e-commerce, media and the cloud, the company said on Tuesday, adding that each of the unit will explore fundraising or initial public offerings.

U.S.-listed shares of Alibaba rose 3.5% in trading before the bell.

Reporting by Lavanya Ahire in Bengaluru; Editing by Savio D’Souza and Arun Koyyur

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