Yesterday we reported about the Taobao spin-off, in which Taobao will be restructured into three companies, including Etao(online shopping search engine), Taobao(C2C) and TMall(B2C). In an email to all Alibaba staff by Jack Ma, the founder and CEO of the Chinese giant ecommerce platform Alibaba which owns Taobao, Ma explained that the spin-off will do great benefits to both the company(or companies after the spin-off) and shareholders.

Here’s the excerpt of the internal letter:

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.