Asda opened its 100th Asda Express store
Asda opened its 100th Asda Express store
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Asda opened its 100th Asda Express store
The Chinese internet giant Alibaba has chosen to abandon its plans for a spinoff of its cloud services arm, Cloud Intelligence Group.
Alibaba was down for a second day on Friday, deepening losses as plans to spin off its cloud unit were shelved amid US-China wrangling.
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…
SHANGHAI: Chinese e-commerce giant Alibaba said on Thursday it was canceling a planned cloud service spin-off announced this year over US chip restrictions, as it reported results for the third quarter of 2023 that were in line with market expectations.