Alibaba’s U-turn on cloud unit spin-off lops $20 bln off its market value
Alibaba’s decision to reverse its plans to spin off its cloud computing unit has wiped out about $20 billion from the Chinese tech giant’s market value.
Alibaba’s decision to reverse its plans to spin off its cloud computing unit has wiped out about $20 billion from the Chinese tech giant’s market value.
The Alibaba Group consists of several key businesses, including: