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2. Alibaba Projects $60B GMV for 2024, Plans New Business Model ...

   www.aol.com/alibaba-projects-60b-gmv-2024...

   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 ...

3. Reaction to Alibaba's scrapping of cloud unit spin-off - AOL

   www.aol.com/news/reaction-alibabas-scrapping...

   Hong Kong-listed shares of China's Alibaba Group plunged 10% on Friday, wiping about $20 billion off its market value, after the company scrapped plans to spin off its cloud business. Alibaba said ...

4. A series of bad news stories—including an abandoned cloud ...

   www.aol.com/finance/series-bad-news-stories...

   Alibaba Cloud is a significant part of the company's business. The unit generated 12% of Alibaba's revenue last quarter, according to an earnings statement released Thursday.

5. Alibaba Group - Wikipedia

   en.wikipedia.org/wiki/Alibaba_Group

   Alibaba group headquarters Alibaba Binjiang Campus in Hangzhou, headquarters for Alibaba's B2B service [80] In 1999, Jack Ma launched the primary business of Alibaba, Alibaba.com, while working as an English teacher in Hangzhou. Alibaba.com later became the world's largest online B2B trading platform for small businesses as of 2014. [81]

6. Alibaba scraps cloud business spin-off citing US chip ... - AOL

   www.aol.com/news/chinas-alibaba-scrap-cloud-unit...

   (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 ...

7. Jack Ma - Wikipedia

   en.wikipedia.org/wiki/Jack_Ma

   In 2015, Alibaba launched a nonprofit organization, Alibaba Hong Kong Young Entrepreneurs Foundation, which supports Hong Kong entrepreneurs to help them grow their businesses. [ 96 ] [ 97 ] In the same year, the company funded the rebuilding of 1,000 houses damaged by the earthquake-hit in Nepal, and raised money for another 9,000. [ 98 ]

8. List of largest corporate spin-offs - Wikipedia

   en.wikipedia.org/wiki/List_of_largest_corporate...

   Spin-off entity Transaction value (in billions USD) Inflation adjusted (in billions 2022 USD) Ref 1 2024 General Electric Company: GE Aerospace, GE Vernova, GE Healthcare: 191 191 [1] 2 2008 Altria Group: Philip Morris International: 108 141 [2] [3] 3 2000 BCE: Nortel: 60 97 [3] 4 2013 Abbott Laboratories: AbbVie: 56 67 [3] 5 2015 eBay: PayPal ...

9. Alibaba shares plunge as much as 10% after canceling ... - AOL

   www.aol.com/news/alibaba-shares-plunge-much-10...

   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 ...