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Alibaba Posts Q2 Profit, Not To Proceed With Cloud Unit Spin-off; Stock Dips In Premarket

November 16, 2023

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

China's Alibaba Scraps Cloud Unit Spin-Off Citing US Chip Curbs

November 16, 2023

Chinese e-commerce giant Alibaba said on Thursday it would cancel the spinoff of its Cloud Intelligence arm in light of "the recent expansion of US restrictions on export of advanced computing chips".

Eddie Wu Jack Ma Ant Group Alibaba Group Cloud Intelligence Group Cloud Intelligence

Source: ndtv.com

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Cloud Unit Spin Off News Today

Alibaba Posts Q2 Profit, Not To Proceed With Cloud Unit Spin-off; Stock Dips In Premarket

China's Alibaba Scraps Cloud Unit Spin-Off Citing US Chip Curbs

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