Page 10 - Cloud Intelligence News Today

Alibaba’s surprise move to fully spin out a potentially transformative $12 billion cloud business is causing a stir.

The Chinese e-commerce and cloud giant is still growing at a sluggish rate.

The Chinese e-commerce and cloud giant is still growing at a sluggish rate.

Like Amazon’s, Alibaba’s cloud service emerged from the computational power needed to handle millions of simultaneous online shopping transactions.

Alibaba's logistics arm aims to raise up to $2 billion via a listing in Hong Kong likely early next year, sources with knowledge of the matter said, bolstering hopes for a capital markets revival in the Asian financial hub.

Alibaba's logistics arm aims to raise up to $2b in its HK listing early next year, bolstering hopes for a capital markets revival in the city.

Alibaba, which acts as a massive online marketplace for buyers and sellers, has in past years picked up stakes in top express delivery players to ensure reliable services for the group, , alibaba, initial public offerings

Cainiao Network Technology’s IPO plan comes after Alibaba said it would split its business into six units. Read more at straitstimes.com.

By now you are probably tired of constantly hearing and reading about the AI mania in the news.

L1 Capital, an investment management firm, released its “L1 Long Short Fund” first quarter 2023 investor letter, a copy of the same can be downloaded here.