Alibaba announced Tuesday that it will split into six distinct entities, each with its own CEO and board of directors. File Photo by Alex Plavevski/EPA-EFE March 28 (UPI) — Worldwide retailer and e-commerce company Alibaba announced on Tuesday that it will be splitting its business into six distinct entities. The six entities will have their own CEOs and boards of directors. Advertisement "Business groups and business companies will set up boards of directors, respectively, and implement the CEO responsibility system under the leadership of the board of directors of each business group and business company, while Alibaba Group will move…