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Alibaba starts its cloud arm overhaul after nixing spinoff

BEIJING (BLOOMBERG) – Alibaba Group Holding Ltd is taking the first steps toward revamping its cloud business by overhauling its leadership, aiming to revive growth and ride an AI boom after cancelling a much-anticipated spinoff of the USD11 billion unit. The company has appointed three new executives to head up major business lines within Alibaba […]

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