When ZDNet asked Alibaba how much it was looking to push up this figure with the new investment and how much it had invested in its cloud business over the past three years, the Chinese vendor ...

HONG KONG, Nov 17 (Reuters) - Investors wiped out some $20 billion off Alibaba Group's (9988.HK), opens new tab market value on Friday after it scrapped plans to spin off its cloud business ...

This would be the second time the cloud arm of Chinese e-commerce leader Alibaba Group Holding (9988.HK) has cut prices in less than a year after reductions of as much as 50% in April.

Alibaba 's (BABA -0.77%) stock has been under significant pressure of late amid its lack of growth over the past two years and the scrutiny it has received from the Chinese government. In response ...