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Alibaba Cloud

Alibaba’s Daniel Zhang Steps Down from Cloud Business Role in Surprise Move

In a sudden development, Alibaba Group has revealed that Daniel Zhang, who was slated to leave his positions as group CEO and chairman, will...

Alibaba Cloud Reports 4% Revenue Growth in Q2 2023, Driven by Cloud Services and AI Advancements

Alibaba Cloud has announced its financial results for the quarter ending June 30, 2023, with a notable 4 percent year-over-year revenue growth. Alibaba Cloud group...

Alibaba Cloud Releases Open-Source AI Models to Compete with Meta Platform’s Offering

Alibaba Group’s cloud computing unit, Alibaba Cloud, has made a significant move in the AI landscape by releasing two open-sourced artificial intelligence (AI) models. The...

Alibaba CEO and Chairman Zhang to step down to focus on cloud business

Alibaba Group announced that its CEO and chairman, Daniel Zhang, will step down from his current roles to focus on leading the company’s cloud...

Alibaba cloud business starts job cut impacting 7% of employees

Alibaba Group’s cloud business unit has started a round of downsizing that will impact 7 percent of the staff as it streamlines its business...

Alibaba to spin off $14.84 bn Cloud business in 12 months

Alibaba Group said it is targeting spinning off its Cloud Intelligence Group within 12 months ahead of a planned initial public offering (IPO). Alibaba Cloud’s...

Alibaba Cloud offers 50% cut in prices for its products and services

E-commerce and tech giant Alibaba’s cloud computing division will cut prices for its products and services by up to 50 percent starting Wednesday. According to Alibaba...

Alibaba Cloud revenue up 4% to $2.9 bn in Sept quarter

Alibaba Cloud said revenue grew 4 percent to RMB20,757 million or $2,918 million in the quarter ended September 30, 2022 mainly driven by public...