Alibaba scraps cloud business spin-off citing US chip curbs - Business & Finance
SHANGHAI: Alibaba Group on Thursday scrapped plans to spin-off its cloud business, citing uncertainties created by...
Source: brecorder.com
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Alibaba Jettisons Cloud Spin-Off Amid Focus on AI
Chinese tech giant Alibaba Group announced along with its quarterly earnings that it will not spin off its cloud intelligence business.
Source: pymnts.com
Alibaba axes cloud arm spin-off
China’s Alibaba Group has scrapped plans to spin off its cloud unit in response to export curbs by the United States on chips used in artificial intelligence a
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Source: thetimes.co.uk
Alibaba shares plunge after reversing spinoff plan of cloud unit
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 Chinese group…
Source: biztoc.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 Shares Dive More Than 7% After Cloud Service Called Off
Shares in Chinese e-commerce titan Alibaba tanked more than seven percent at the Hong Kong open Friday after the firms surprise decision to call off part of its high-profile restructuring because of the US-China chip war.
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Source: ibtimes.com
Alibaba shares collapse after cloud service spinoff cancelled
Shares in Chinese ecommerce titan Alibaba tanked 10 percent in Hong Kong on Friday after the firms surprise decision to call off part of its high-profile restructuring because of the
Source: timesbulletin.com
What's Going On With Alibaba (BABA) Stock Friday? - Alibaba Gr Holding (NYSE:BABA)
Alibaba Group Holding Limited's (NYSE: BABA) market value has plunged to about half that of rival Tencent Holdings Ltd (OTC: TCEHY) as it battled the double whammy of sluggish demand and brewing competiti
Source: benzinga.com
Alibaba: Alibaba cancels cloud service spinoff over US chip restrictions
Alibabas change of course follows a series of decisions by Washington to bar the export to China of powerful chips, including those from California-based Nvidia that are crucial to the development of artificial intelligence.
Source: indiatimes.com
Alibaba: Alibaba shares dive more than 7% after cloud service called off
In a move that shocked investors, the Hangzhou-based tech giant said Thursday that US curbs on exports of advanced chips had forced it to call off the spinoff of its cloud computing arm.
United States Hong Kong Cloud Intelligence Group New York Listed California Based Nvidia Cloud Intelligence
Source: indiatimes.com