Page 6 - Cloud Intelligence Group News Today

Asian stocks fell Friday as a rally fuelled by the likely end of US interest rate hikes ran out of puff, while Alibaba dragged Hong Kong down after saying

Alibaba is canceling the scheduled IPO of its cloud division due to the impact of the U.S. governments CPU export bans to China. The Register reports: The Chinese e-commerce giant reported the move alongside its calendar Q3 earnings, otherwise a generally positive quarter, with the group reporting...

Alibaba was down for a second day on Friday, deepening losses as plans to spin off its cloud unit were shelved amid US-China wrangling.

Alibaba Group Holding Limited (NYSE: BABA) shares tumbled almost 10% in Hong Kong today after its announcement that it will not proceed with the spinoff of its cloud group that competes with Amazon.com Inc (NASDAQ: AMZN) Amazon Web Services as well a

Investors realized they were a tad too optimistic about the possibility of rapid rate cuts and a soft landing.

Operator: Good day, ladies and gentlemen. Thank you for standing by. Welcome to Alibaba Group’s September Quarter 2023 Results Conference Call.

Alibaba Group has scrapped plans to spin-off its cloud business, citing uncertainties created by U.S. export curbs on chips used in artificial intelligence applications.

Asian stocks fell Friday as a rally fuelled by the likely end of US interest rate hikes ran out of puff, while Alibaba dragged Hong Kong down after saying it would cancel the planned spinoff of its cloud computing arm.

HONG KONG (AFP) – Shares in Chinese e-commerce titan Alibaba tanked more than seven per cent at the Hong Kong open Friday after the firm’s surprise decision to call off part of its high-profile restructuring because of the US-China chip war. In a move that shocked investors, the Hangzhou-based tech giant said Thursday that US […]

Shares in Chinese e-commerce titan Alibaba tanked more than seven percent at the Hong Kong open Friday after the firm's surprise decision to call off part of its high-profile restructuring because of the US-China chip war.The firm's stock dived 7.13 percent soon after the starting bell in Hong Kong, tracking a collapse in its New York-listed shares.