Alibaba considers yielding control of some businesses in overhaul

An Alibaba office in Beijing, on April 13, 2021.GREG BAKER/AFP/Getty Images Alibaba Group BABA-N said on Thursday it will look to monetize non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70 per cent off its shares. Group CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually launch their own initial public offerings (IPO). His comments come two days after Alibaba announced the largest restructuring in the company's history, which will see it change into…