Alibaba will not pursue a full spin-off of Cloud Intelligence Group in light of uncertainties created by recent U.S. export restrictions on advanced computing chips.
Seeking Alpha
HONG KONG - Shares of Chinese e-commerce firm Alibaba Group Holding plunged as much as 10% in New York after it said Thursday that plans to spin off its cloud business were scrapped, citing uncertainties due to U.S. chip restrictions.
The Washington Post
Belgian officials are looking into risks around the presence of China's Alibaba Group Holding at a cargo airport in the city of Liege.
The Guardian
Alibaba Cloud is slated to be listed within 2024, a development that's part of Alibaba's announcement earlier in 2023 of plans to restructure into six units following a two-year regulatory crackdown on China's tech sector.
Fintech Hong Kong
Avalanche will provide the technology for building the metaverse spaces, while Alibaba Cloud will provide the computing and storage.
CoinDesk
Worst-case scenarios of how the current version of the DMA could be used include Google being forced to share European search data with rivals that include Russia's Yandex or China's Alibaba.
Tutanota
Analysts are expecting Alibaba to see faster revenue growth over the coming quarters, as the full effect of the Chinese economic reopening is felt.
CNBC
Alibaba will always take root in the real economy, make good use of digital technology to help small and medium-sized enterprises, and accelerate the arrival of industrial changes.
Teller Report
In China, content-based platforms are generating a growing proportion of e-commerce, presenting a growing threat to established platforms like Alibaba and JD.com.
Harvard Business Review
The Alibaba-backed company has plans to roll out its production-ready autonomous driving solution in Germany in 2024, followed by other European markets.
TechCrunch
Alibaba shares pushed higher last week as the Chinese government continued to show signs that it will support tech giants after years of being plagued by a regulatory crackdown.
CityIndex UK CD
Users will be able to use the NEAR Blockchain Operating System, a platform it launched earlier in the year that allows developers to build into and interact with other users, while using Alibaba Cloud's infrastructure.
CoinDesk
Alibaba Cloud, the digital technology and intelligence backbone of the Chinese e-commerce giant Alibaba Group, has created a nowcasting platform that leverages AI and digital technologies to predict short-term weather conditions, helping businesses navigate their way through climate change.
Insider
The break-up of Alibaba Group Holding Ltd, the Chinese mega-conglomerate, heralds the start of a wave of enormous opportunities in China for global investors.
Recipe
Alibaba Cloud will prioritise new collaboration and partnerships as well, focusing on multiple areas such as security, blockchain, and business development.
Research
Forecasts are predicting the American e-commerce giant Amazon will surpass Alibaba in estimated sales in the next five years, with estimates showing $1.2 trillion worth of sales for the US-based company.
www.icxa.org
Alibaba plans to invest more than US$ 1 billion in Turkey, including plans to build a logistics hub, and build Turkey's largest data center covering an area of 200,000 square meters near Ankara, the Turkish capital.
Silk Road Briefing
In April, Alibaba Cloud outlined its latest large language learning model and plans to use its generative AI throughout its product suite.
Constellation Research Inc.
The Orca Cloud Security Platform detects, prioritizes, and remediates risks and compliance issues across your cloud estate spanning AWS, Azure, Google Cloud, Alibaba Cloud, Oracle Cloud, and Kubernetes.
Complete Cloud Security in Minutes - Orca Security
The increasingly strict control that Xi Jinping's government is placing on academic expression and the independence of firms and entrepreneurs (as exemplified by the pressures placed on Alibaba founder Jack Ma) are raising doubts about whether China will be hospitable to innovative tech firms.
NOEMA
The Orca Cloud Security Platform identifies, prioritizes, and remediates risks and compliance issues across your cloud estate spanning AWS, Azure, Google Cloud, Alibaba Cloud, Oracle Cloud, and Kubernetes.
Orca Security
Last updated: 14 April 2024
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