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Alibaba scraps plans to hive off cloud business amid growing chip uncertainties

The unexpected decision to abandon plans to hive off the cloud computing business led to a $20 billion decline in Alibaba Group’s market value on Friday, as its shares fell 10% in Hong Kong. ....

Daniel Zhang , Neil Shah , Amazon Web Service Or Tencent , Alibaba Group , Counterpoint Research , Chief Executive , Amazon Web Service , Kanishk Gaur ,