Jane Zhang / Bloomberg:

Alibaba reports Q2 revenue up 9% YoY to ~$31B, beating ~$30.9B est., a ~$3.8B net income, up from a ~$3B loss in Q2 2022, and calls off its cloud spinoff  —  Alibaba Group Holding Ltd. has called off a spinoff of its giant cloud business, a major hitch in an overhaul announced just months ago …

Jane Zhang / Bloomberg:

Alibaba reports Q2 revenue up 9% YoY to ~$31B, beating ~$30.9B est., a ~$3.8B net income, up from a ~$3B loss in Q2 2022, and calls off its cloud spinoff  —  Alibaba Group Holding Ltd. has called off a spinoff of its giant cloud business, a major hitch in an overhaul announced just months ago …

Source: TechMeme
Source Link: http://www.techmeme.com/231116/p17#a231116p17