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Alibaba Starts Its Cloud Arm Overhaul After Nixing Spinoff

(Bloomberg) -- Alibaba Group Holding Ltd. is taking the first steps toward revamping its cloud business by overhauling its leadership, aiming to revive growth and ride an AI boom after canceling a much-anticipated spinoff of the $11 billion unit.Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageXi Tolerance for Property Pain Nears Limit as Rescue EmergesBond Rally Shows Signs of Stalling as Stocks Waver: Markets WrapDublin Night of Riots Leaves City
Tongyi Qianwen Daniel Zhang Jeff Zhang Robert Lea Eddie Wu Bloomberg Businessweek
Source: yahoo.com

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