Alibaba's Cloud Was Born Out Of 'Necessity,' Says Chairman Joe Tsai — Dependence On US Vendors Threatened 'All Of Our Profits'
Speaking at the HKU Business School Edward K Y Chen Distinguished Lecture, Alibaba Group Holdings (NYSE:BABA) chairman Joe Tsai said the company built its cloud business out of urgent need—not strategy—as rising reliance on U.S. technology vendors put its future profitability at risk.
Benzinga ·