SHANGHAI, Sept 10 (Reuters) - China's Alibaba Group , opens new tab on Sunday announced that Daniel Zhang will step down from its cloud business, in a surprise move just two months after the ...

The cloud business generated $2.7 billion in revenue during the first quarter, making up 9% of Alibaba’s total revenues. (My colleague Alex has a financial deep dive into the cloud spinout. Stay ...

Once a rising star among Alibaba's (BABA 0.48%) diversified businesses, Alibaba Cloud has fallen from grace lately, with revenue growth coming to a halt.. And just when investors hoped that a ...

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 ...

Alibaba (BABA) stock has gained significantly in value, climbing nearly 34.3% year-to-date. This surge reflects growing investor confidence as the Chinese tech giant continues to show strength ...

Credit: Alibaba. Alibaba Group has unveiled plans to widen its cloud footprint with new data centers in key Asian markets, and has earmarked artificial intelligence (AI) as a growth driver.

The spending of at least 380 billion yuan, equivalent to $52.41 billion, will surpass the company’s AI and cloud computing investment over the past decade, Alibaba said in a post Monday on its ...

At its annual Apsara conference, Alibaba Cloud debuts a cloud-enabled computer and a logistics robot that can carry 50 packages in one go. Search the TechTarget Network. Join CW+.

Daniel Zhang, the outgoing chairman and CEO of Alibaba, has stepped down from his position running the company’s cloud division in a surprise move announced just months after he assumed the ...