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Craig Hale

THE TRUTH ABOUT: Alibaba scraps plans to spin off its cloud business - The Untold Story

Alibaba United States Thomas Hayes

Alibaba.

Following poor revenue growth last quarter and Alibaba has done a full 180 and now plans to keep its cloud division in-house rather than spinning it off as planned.

The Chinese giant cited concerns over US export curbs over chips being used for AI, which has created uncertainty for many companies while simultaneously increasing the pressure on China's domestic production.

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