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(Reuters) -Alibaba Group has scrapped plans to spin-off its cloud business, citing uncertainties created by U.S. export curbs on chips used in artificial intelligence applications. The U.S ...
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 ...
The plunge in share prices followed a series of bad news stories for the e-commerce company, prime among which was a big reversal in corporate strategy. Alibaba is shelving its plans to spin-off ...
In March 2023, Alibaba announced their "1+6+N" restructuring plan, which reorganized its business structure into six independently run entities: Cloud Intelligence Group, Taobao and Tmall Group, Cainiao Smart Logistics Network, Local Services group, Alibaba International Digital Commerce, and the Digital Media and Entertainment group.
Benchmark analyst Fawne Jiang maintained a Buy rating on Alibaba Group Holding (NYSE:BABA) with a price target of $118. Jiang remarked that Alibaba’s latest earnings report was a mixed bag ...
Alibaba's stock is arguably a buy for risk-tolerant growth investors. This might help: As it stands right now, analysts' consensus price target is more than 40% above the stock's present price.
Alibaba Group Holding Limited (NYSE:BABA) projects $60 billion in GMV for its B2B platform Alibaba.com in 2024, marking a 20% increase from last year’s $50 billion. President Zhang Kuo explained ...
Alibaba has called off plans to spin off its cloud computing arm, saying recent tightening of US controls on chip exports to China has created “uncertainties” for the division’s prospects.