Taking the market by surprise, Alibaba Group Holding Ltd has cancelled plans to spin off its cloud computing division, stirring renewed concerns among.
(Bloomberg) The shocking decision by Alibaba Group Holding Ltd. to cancel the spinoff of its cloud division is offering a fresh reason for investors to sell China tech stocks in an earnings season yielding mixed results.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterThe Doomed Mission Behind Sam Altman's Shock Ouster From Op
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