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Alibaba’s surprise move to fully spin out a potentially transformative $12 billion cloud business is causing a stir.
The Chinese e-commerce and cloud giant is still growing at a sluggish rate.
The Chinese e-commerce and cloud giant is still growing at a sluggish rate.
Like Amazon’s, Alibaba’s cloud service emerged from the computational power needed to handle millions of simultaneous online shopping transactions.
Alibaba's logistics arm aims to raise up to $2 billion via a listing in Hong Kong likely early next year, sources with knowledge of the matter said, bolstering hopes for a capital markets revival in the Asian financial hub.