Alibaba Cancels Cloud Spin 11/16/23
- Author
- CNBC
- Published
- Thu 16 Nov 2023
- Episode Link
- https://www.cnbc.com
Alibaba has scrapped plans to spin off its cloud unit, blaming the U.S. restrictions on chip exports, on a week where all eyes are on China U.S. relations. What’s the real story for $BABA, for chip supply and how it impacts valuations right now.
