In Depth: Alibaba Has Hurdles to Overcome Before Its Drastic Restructuring Pays Off

Alibaba Group Holding Ltd.’s landmark overhaul — including a surprise leadership shakeup on Tuesday — is a chance for the group to unlock growth potential from all corners of its empire. The plan to split into multiple units with a parent holding company, akin to Google’s restructuring under Alphabet Inc., is underway, but the next chapter for the Chinese e-commerce giant won’t be smooth sailing — each of its business units has hurdles to clear.