Alibaba's U-turn on cloud unit spin-off lops $20 bln off its market value
The drop, potentially its biggest one-day fall in more than a year, wiped about $20 billion off the Chinese tech giant's market value.
Source: businesstoday.in
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alibaba cloud spin-off: Alibaba's U-turn on cloud unit spin-off lops $20 billion off its market value
Alibaba's concerns over the US export curbs announced by Washington in October come on the heels of similar worries raised this week by Chinese social media and gaming company Tencent Holdings which said the restrictions would force it to seek domestically produced alternatives.
Source: indiatimes.com
Alibaba Llama: Alibaba's cloud unit brings Meta's AI model Llama to its clients
Alibaba's cloud computing division said it has become the first Chinese enterprise to support Meta's open-source artificial intelligence (AI) model Llama, allowing its Chinese business users to develop programs off the model.
Source: indiatimes.com