China's Alibaba cancels cloud spin-off blaming US chip curbs
The news that company would no longer spin off and list its cloud computing business wiped off $20bn (£16bn) off its market capitalisation.
Source: theiet.org
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Alibaba stock continues to fall. Analysts rush to cut targets after spinoff drops
Alibaba shares were on track for a second day of losses after the Chinese technology giant revealed on Thursday that new US export restrictions on chips
Source: gulfnews.ca
Why Alibaba Stock Keeps Going Down | The Motley Fool
Alibaba stock is down today -- but it's so cheap that it might go right back up.
Source: fool.com
Alibaba Stock Drifts Towards 52-Week Lows After Shelving IPO of Cloud Segment
Alibaba is drifting towards its 52-week lows after it spooked markets by shelving the IPO plans of its cloud divisions.
Source: economywatch.com
Alibaba Flagged That US Chip Curbs Clouded Its Cloud Computing Prospects
Alibaba Group Holding Limited BABA shares tumbled almost 10% in Hong Kong today after its announcement that it will not proceed with the spinoff of its cloud…
Source: biztoc.com