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 BloombergOpenAI in ‘Intense Discussions’ to Quell Potential MutinySam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly Al

Related Keywords

Cainiao ,China General ,China ,New York ,United States ,Beijing ,Hong Kong ,Zhipu ,Zhejiang ,Chinese ,Sarah Zheng ,Tongyi Qianwen ,Jack Ma ,Eddie Wu ,Santa Clara ,Joseph Tsai ,Bloomberg Businessweek ,Li Chengdong ,Zheping Huang ,Forsyth Barr Asia ,Daniel Zhang ,Willer Chen ,Debby Wu ,Bytedance Ltd ,Nvidia Corp ,Tencent Holdings Ltd ,Alibaba Group Holding Ltd ,Holdings Inc ,Bloomberg ,Kuaishou Technology ,Alibaba Group Holding ,Tencent Holdings ,Chief Executive Officer Daniel Zhang ,Kevin Net ,Osamu Yamagata ,Forsyth Barr ,California Based Nvidia ,China Discount Shopping ,Single Day ,Vlad Savov ,