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Meituan Explores Deal for Delivery Hero s Southeast Asia Arm, Sources Say
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US-China Tech Fight Forces Alibaba to Scrap Cloud Spinoff
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(Bloomberg) An escalating fight between the US and China for technological dominance has triggered one of the most stunning reversals of corporate strategy yet: On Thursday, Alibaba Group Holding Ltd. walked back plans to spin off and list its $11 billion cloud business.Most Read from BloombergOpenAI in ‘Intense Discussions’ to Quell Potential MutinySam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly Al