Alibaba to spin off its cloud, AI and business messenger unit

TechCrunch
By Rita LiaoMay 18, 2023, 10:23 am104 pts
Seven weeks after Alibaba announced its historic restructuring plan to split itself into six independent companies, the juggernaut is gearing up to spin off its intelligence group. Alibaba went public in New York back in 2014, marking the largest IPO at the time. Not long after Hong Kong relaxed rules around…

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