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Alibaba to Spin Off Cloud Unit. The stock falls despite earnings beating.

admin Send an email May 18, 2023
1 Less than a minute
Alibaba to Spin Off Cloud Unit. The stock falls despite earnings beating.
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Ali Baba


said it would spin off its highly valued cloud computing division via a stock dividend to shareholders — news that has sent shares in the Chinese tech giant lower, despite March quarter earnings and revenue beating expectations.



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admin Send an email May 18, 2023
1 Less than a minute
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