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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 BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsApple Plans to Make It Easier to Text Between iPhones and A ....

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Alibaba plunges $20 billion over US-China chip war

International Business News: Alibaba Group Holding Ltd. has reversed its plans to spin off and list its $11 billion cloud business due to the escalating fight between the US and C ....

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Alibaba plunges $20bn as chip war prompts breakup rethink

Wall Street’s response to Alibaba’s reversal was swift: Shares slid 9.1% in New York trading, wiping out more than $20 billion of market value in their biggest drop in over a year. ....

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Alibaba Plunges $20bn as Chip War Prompts Breakup Rethink | Data Center Knowledge | News and analysis for the data center industry

Chinese multinational walks back plans to spin off its cloud business as US chip restrictions take hold. ....

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Alibaba's shocking reversal: Abandons $11 billion cloud spinoff

Alibaba's stunning about-face on plans to spin off its $11 billion cloud business reveals the escalating US-China tech dominance battle. ....

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