Alibaba scraps plans to spin-off its cloud business, citing US chip restrictions

• Facebook
• Tweet
• Pinterest
• Reddit
• Email

The US chip export ban appears to have dealt a blow to some Chinese tech companies, forcing them to reassess their strategies and adapt to the new realities. The latest victim of this ban is Chinese tech giant Alibaba Group.
The post Alibaba scraps plans to spin-off its cloud business, citing US chip restrictions first appeared on TechStartups.

The US chip export ban appears to have dealt a blow to some Chinese tech companies, forcing them to reassess their strategies and adapt to the new realities. The latest victim of this ban is Chinese tech giant Alibaba Group. […]

The post Alibaba scraps plans to spin-off its cloud business, citing US chip restrictions first appeared on TechStartups.

Read More