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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 it would cancel the planned spinoff of its cloud computing arm. ....

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US-China Tech Fight Forces Alibaba to Scrap Cloud Spinoff

(Bloomberg) An escalating fight between the US and China for technological dominance has triggered one of the most stunning reversals of corporate strategy yet: On Thursday, Alibaba Group Holding Ltd. walked back plans to spin off and list its $11 billion cloud business.Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsApple Plans to Make It Easier to Text Between iPhones and A ....

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Alibaba plunges $20 billion over US-China chip war

International Business News: Alibaba Group Holding Ltd. has reversed its plans to spin off and list its $11 billion cloud business due to the escalating fight between the US and C ....

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Alibaba shares collapse after cloud service spinoff cancelled

Shares in Chinese ecommerce titan Alibaba tanked 10 percent in Hong Kong on Friday after the firm s surprise decision to call off part of its high-profile restructuring because of the ....

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Tanking Alibaba Drags Hong Kong As Markets Rally Fades • Channels Television

Tanking Alibaba Drags Hong Kong As Markets Rally Fades • Channels Television
channelstv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelstv.com Daily Mail and Mail on Sunday newspapers.

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