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Alibaba Begins Overhaul to Revive Cloud Arm After Nixing Spinoff

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Nov. 24, 2023, 9:23 a.m. | Jane Zhang

Bloomberg Technology bloomberg.com

Alibaba Group Holding Ltd. is taking the first steps toward revamping its cloud business by overhauling its leadership, aiming to revive growth and ride an AI boom after canceling a much-anticipated spinoff of the $11 billion unit.

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