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 ...

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 ...

Alibaba’s cloud business ended fiscal year 2025 with double-digit revenue growth, and management expects AI to drive its future gains. The shift in AI applications from back-end enterprise ...

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. "Over ...

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.