REUTERS/Aly Song Acquire Licensing RightsSHANGHAI, Aug 16 (Reuters) - Alibaba Group's (9988.HK) work communication and collaboration platform DingTalk will split from the company's cloud division, according to two sources close to the company.
Alibaba's Cloud Intelligence Business Group did not immediately reply to a request for comment on the matter.
Though the Slack-like DingTalk will split structurally from Alibaba's Cloud Business Intelligence unit, the sources said it would continue to work closely with the cloud division technology-wise.
The tech giant announced the split of its business in March and has said the cloud division was likely to IPO by May next year.
Alibaba Group last week reported better than expected results for its first quarter, but sales for its Cloud Intelligence Business Group, a major growth driver outside of e-commerce, reported the smallest revenue growth among the group's business units of 4%.
Persons:
Aly, Group's, DingTalk, Casey Hall, Himani Sarkar, Conor Humphries
Organizations:
Alibaba, Holding, REUTERS, Rights, HK, Alibaba Holding, Cloud Intelligence Business Group, Cloud Business Intelligence, Thomson
Locations:
Hangzhou, Zhejiang province, China