Page 9 - Cloud Intelligence Group News Today

The news that company would no longer spin off and list its cloud computing business wiped off $20bn (£16bn) off its market capitalisation.

Alibaba shares were on track for a second day of losses after the Chinese technology giant revealed on Thursday that new US export restrictions on chips

Alibaba stock is down today -- but it's so cheap that it might go right back up.

Alibaba is drifting towards its 52-week lows after it spooked markets by shelving the IPO plans of its cloud divisions.

Alibaba Group Holding Limited BABA shares tumbled almost 10% in Hong Kong today after its announcement that it will not proceed with the spinoff of its cloud…

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 as with Microsoft Corporation (NASDAQ: MSFT) Microsoft Azure. The Cloud Intelligence Group Will Not Be Publicly Listed Due To U.S. Chip Export Restrictions Alibaba revealed it will not be listing its cloud computing segment that is the infrastructure

Although the firm is still undervalued, we now prefer JD.com, as we think it’s more likely to turn around next year.

(Bloomberg) -- Alibaba Group Holding Ltd. has called off a spinoff of its giant cloud business after the US tightened curbs on advanced chips for China, stunning investors and casting in doubt a historic overhaul announced mere months ago.Most Read from BloombergHamas Chief Who Deceived Israel Is Target No. 1 Deep UndergroundBiden, Xi Declare Progress After Concluding Four-Hour SummitXi Says China Seeks to Be Friends With US, Won’t Fight ‘Hot War’Israel Latest: Biden Defends...

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…

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