Alibaba calls off cloud spinoff in major blow to overhaul effort
The company announced its decision along with quarterly earnings.
Source: moneyweb.co.za
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China's Alibaba to scrap cloud unit spinoff in response to US chip curbs
Alibaba Group on Thursday scrapped plans to spin-off its cloud business, citing uncertainties created by U.S. export curbs on chips used in artificial intelligence applications. The announcement came alongside in-line second-quarter revenue from the Chinese e-commerce group, which in March had unveiled plans to carve out the cloud business as part of the biggest restructuring in its 24-year history. The company also put on hold plans for an initial public offering of its Freshippo groceries bu...
Source: yahoo.com
Alibaba shares slide 5% after it disappoints on profit, curbs cloud spinoff
Shares of Chinese e-commerce giant Alibaba slid after it announced that it would not proceed with the full spin-off of its cloud group.
Source: nbcphiladelphia.com
Why WMT-N, M-N, CSCO-Q and more stocks are seeing action on Thursday
A survey of North American equities heading in both directions
Source: theglobeandmail.com
HONG KONG -- Alibaba Group Holding has reversed a plan to fully spin off its cloud unit, the company said Thursday, in a surprise move that the Chines
Source: nikkei.com
Alibaba pulls cloud spin-off as restructuring hopes splutter
Alibaba Group (NYSE:BABA) has pulled plans to spin off its cloud business and paused proposals to list its supermarket unit, throwing into doubt its...
Source: proactiveinvestors.com
Alibaba Posts Q2 Profit, Not To Proceed With Cloud Unit Spin-off; Stock Dips In Premarket
Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday a profit in its second quarter, compared to last year's loss, with higher revenues.
Thomson Reuters Alibaba Group Holdings Ltd Cloud Intelligence Group Alibaba Group Holdings Spin Off Alibaba Earnings
Source: rttnews.com
Daily Game Plan
TODAY’S GAME PLAN: from the trading desk, this is not research DATA/HEADLINES 8:30ET Import Price Index, Weekly Jobless Claims, NY Fed Services Business Activity, Philadelphia Fed Business Outlook, Fed’s Mester speaks; 9:15ET Industrial Production, Capacity Utilization, Manufacturing (SIC) Production; 9:25ET Fed’s Williams speaks; 10:00ET NAHB Housing Market Index; 10:30ET Fed’s Waller speaks; 11:00ET Kansas City
Source: mrtopstep.com
Alibaba Group Announces September Quarter 2023 Results
Alibaba Group Holding Limited and 89988 , “Alibaba” or “Alibaba Group”) today announced its financial results for the quarter ended September 30, 2023. “Alibaba Group delivered a solid...
Source: marketscreener.com
Alibaba cancels cloud split
China's Alibaba Group has cancelled its plan to spin out its cloud unit into a separate business, citing uncertainties created by US export curbs on AI chips.
Source: computing.co.uk