Alibaba will take into account ceding management of a few of its companies in the event that they choose to record as a part of a break-up into six semi-autonomous models, prime executives stated because the Chinese language tech group maps out its greatest restructuring in years.

“After going public, we are going to proceed to judge the strategic significance of those firms to Alibaba and, on that foundation, we are going to determine whether or not or to not proceed to retain management,” stated chief monetary officer Toby Xu throughout an investor name on Thursday.

The group on Tuesday introduced an overhaul that might cut up it into six enterprise models, with their very own chief executives and managed by a holding firm. Every unit could be allowed to herald exterior capital and ultimately pursue their very own preliminary public choices.

Chief government Daniel Zhang stated that whereas the cut up mirrored the traces of its current enterprise teams, the connection between Alibaba and its models would change.

“Alibaba will probably be extra within the nature of an asset and capital operator than a enterprise operator,” he stated. “Every enterprise group firm could have its personal company entity . . . we anticipate that these adjustments will unleash extra vitality from our enterprise models.”

Xu stated Alibaba would additionally hold promoting down a few of its exterior investments. “We’ll proceed to monetise sure of the much less strategic investments in our funding portfolio with the intention to enhance our capital construction,” he stated, including that the group would additionally keep it up with shopping for again its shares as a part of a beforehand authorised $25bn programme.

The ecommerce-led group has already been promoting off stakes in some portfolio firms, offloading all its shares in Indian digital funds supplier Paytm, which have been valued at $310mn on the finish of final yr, by means of two block trades since January. Alibaba’s fintech affiliate Ant Group nonetheless owns a 25 per cent stake in Paytm.

The transfer to downsize Alibaba’s funding portfolio mirrors motion taken by rival Tencent, one other main funder of tech start-ups, which is promoting off belongings beneath stress from regulators involved about its monumental affect within the sector.

Chelsey Tam, analyst at Morning Star, in a notice to shoppers, forecast that Alibaba’s enterprise models may “meet the itemizing necessities of Hong Kong Important Board itemizing guidelines”, which embrace income, revenue and administration targets, after three years.

Alibaba has not supplied a timeline for when the models may search exterior capital or record publicly. The Alibaba holding group will retain full possession of on-line gross sales platforms Tmall and Taobao, which generated extra income than the group as an entire in its final fiscal yr.

Xu additionally acknowledged that there had been little motion on the group’s plan to transform its secondary Hong Kong itemizing right into a main itemizing, which had initially been set for the tip of 2022.

“We’ll proceed to judge market circumstances and exterior circumstances, that can take time however we do proceed to make that analysis,” he stated.

The change to a main itemizing would lay the groundwork for added mainland Chinese language buyers to purchase its shares, however it will additionally expose the corporate to higher disclosure necessities and is more likely to drive its executives to report their private gross sales of Alibaba inventory.

Lax guidelines for overseas issuers together with Alibaba within the US at the moment exempt its executives from making the knowledge public. Alibaba in November additionally attributed a part of the delay to needing to create a brand new inventory compensation plan for workers.