Tanking Alibaba drags Hong Kong as markets rally fades
Asian stocks fell Friday as a rally fuelled by the likely end of US interest rate hikes ran out of puff, while Alibaba dragged Hong Kong down after saying
Source: digitaljournal.com
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Alibaba Cancels Cloud Spinoff, Blames US Chip Sanctions
Alibaba is canceling the scheduled IPO of its cloud division due to the impact of the U.S. government's CPU export bans to China. The Register reports: The Chinese e-commerce giant reported the move alongside its calendar Q3 earnings, otherwise a generally positive quarter, with the group reporting...
Source: slashdot.org
Alibaba Stock Sheds $26 Billion After Stunning Strategy Reversal
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.
Source: businessinsider.com
Alibaba Flagged That US Chip Curbs Clouded Its Cloud Computing Prospects - Alibaba Gr Holding (NYSE:BABA)
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 its cloud group that competes with Amazon.com Inc (NASDAQ: AMZN) Amazon Web Services as well a
Source: benzinga.com
CNBC Daily Open: Investors got the note they were too optimistic
Investors realized they were a tad too optimistic about the possibility of rapid rate cuts and a soft landing.
Source: nbcdfw.com