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US-China Tech Fight Forces Alibaba to Scrap Cloud Spinoff

US-China Tech Fight Forces Alibaba to Scrap Cloud Spinoff
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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

Tencent s Profit Beat Soothes Fears of China Downturn Fallout

(Bloomberg) Tencent Holdings Ltd.’s earnings beat estimates after online advertising rebounded, a sign that Chinese consumers are turning to social media and games despite a nationwide downturn.Most Read from BloombergRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexThailand Takes $28 Billion Malacca Strait Bypass Plan to USUS Frustration With Israel Grows as Gaza Civilian Deaths MountS&P 500 Up 2% as Bets ‘Fed Is Done’ Sink US Yields: Markets WrapIsrael Latest: Troops Reported Insid

Apple s Top iPhone Supplier Goes to Outer Space With New Satellites

(Bloomberg) The world’s biggest producer of iPhones is going to outer space.Most Read from BloombergAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeXi Jinping’s ‘Old Friends’ from Iowa Get a Dinner InvitationTrump’s 40 Wall St. Loan Transferred to Special ServicerBiden Has Wiped Away $127 Billion in Student Loan DebtThe Diamond World Takes Radical Steps to Stop a Pricing PlungeTwo prototype low-Earth orbit satellites made by Hon Hai Precision Industry Co., better known

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