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Alibaba Posts Q2 Profit, Not To Proceed With Cloud Unit Spin-off; Stock Dips In Premarket - Vimarsana News

Alibaba Posts Q2 Profit, Not To Proceed With Cloud Unit Spin-off; Stock Dips In Premarket

Published: November 16, 2023

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.

Source: rttnews.com
Related Topics:
Thomson ReutersAlibaba Group Holdings LtdCloud Intelligence GroupAlibaba Group HoldingsSpin OffAlibaba EarningsCloud IntelligenceCloud Unit Spin Off
China's Alibaba Scraps Cloud Unit Spin-Off Citing US Chip Curbs - Vimarsana News

China's Alibaba Scraps Cloud Unit Spin-Off Citing US Chip Curbs

Published: November 16, 2023

Chinese e-commerce giant Alibaba said on Thursday it would cancel the spinoff of its Cloud Intelligence arm in light of "the recent expansion of US restrictions on export of advanced computing chips".

Source: ndtv.com
Related Topics:
Eddie WuJack MaAnt GroupAlibaba GroupCloud Intelligence GroupCloud IntelligenceChinesee Commerce AlibabaAlibaba Cancels Cloud Unit Spin OffUs China Chip CurbsCloud Unit Spin Off