Asian markets rise on Alibaba boost

Asian stocks have been broadly up to buck losses on Wall Street, led by massive gains for Chinese tech behemoth Alibaba after it announced it would split into six groups. The Hangzhou-based firm said the changes were intended to "unlock shareholder value and foster market competitiveness". Alibaba is one of China's most prominent tech firms, with operations spanning cloud computing, e-commerce, logistics, media and entertainment and artificial intelligence.