Alibaba calls off cloud spinoff in major blow to overhaul effort
The company announced its decision along with quarterly earnings.
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The company announced its decision along with quarterly earnings.
HONG KONG -- Alibaba Group Holding has reversed a plan to fully spin off its cloud unit, the company said Thursday, in a surprise move that the Chines
Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday a profit in its second quarter, compared to last year's loss, with higher revenues.
TODAY’S GAME PLAN: from the trading desk, this is not research DATA/HEADLINES 8:30ET Import Price Index, Weekly Jobless Claims, NY Fed Services Business Activity, Philadelphia Fed Business Outlook, Fed’s Mester speaks; 9:15ET Industrial Production, Capacity Utilization, Manufacturing (SIC) Production; 9:25ET Fed’s Williams speaks; 10:00ET NAHB Housing Market Index; 10:30ET Fed’s Waller speaks; 11:00ET Kansas City
Alibaba Group Holding Limited and 89988 , “Alibaba” or “Alibaba Group”) today announced its financial results for the quarter ended September 30, 2023. “Alibaba Group delivered a solid...