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

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 cloud 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 dual-class structures, which … Continue reading Alibaba to spin off its cloud, AI and business messenger unit