Alibaba starts an estimated 11 billion dollars cloud computing arm
In a push to steer growth and tap into the thriving artificial intelligence (AI) market, Alibaba Group Holding has commenced a notable overhaul of its cloud computing arm. This decisive strategic move follows the e-commerce giant’s decision to abandon the much-awaited spinoff of the cloud division estimated to be worth around $11 billion. This key reshuffle includes leadership changes with Alibaba nominating three new executives to lead major businesses under Alibaba Cloud Intelligence. This move exhibits the online retail behemoth’s ambition to solidify its footprint in the cloud sector and to reinforce the services offered to enterprise clients, particularly in…
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