Technology peripheralsIt IndustryTsai Chongxin responds to Alibaba Cloud's suspension of spin-off: The general environment has changed and further investment is needed to demonstrate the value of the cloud businessTsai Chongxin responds to Alibaba Cloud's suspension of spin-off: The general environment has changed and further investment is needed to demonstrate the value of the cloud business
According to news from this website on November 16, according to The Paper, Alibaba held a financial report conference call after announcing the second quarter report of fiscal year 2024. Some investors asked whether Alibaba Cloud's listing plan was "suspended" or " Cancellation forever" and asked "will the spin-off of Alibaba Cloud be reconsidered after the market situation changes?" In response to this question, Alibaba Group Chairman Cai Chongxin did not give a clear answer.
Tsai Chongxin said, At that time, he wanted to completely spin off Alibaba Cloud because he wanted to show the true value of the business through so-called financial engineering. At that time, Alibaba Cloud was in a big market The environment, the entire operation is predictable, and the growth trend of the business can be clearly demonstrated to investors.
Now that the general environment has "changed", Tsai Chongxin said that he will no longer use "financial engineering", but "through further investment" to show the value of the cloud business. "In the future, we will seek to increase its growth, including revenue and profits."
Alibaba Group's financial report disclosed that due to various uncertain factors, it decided to cancel the complete spin-off plan of Cloud Intelligence Group. At the same time, Alibaba will continue to increase its strategic investment in Alibaba Cloud to ensure that it focuses on the development strategy of "artificial intelligence cloud computing" and is committed to building leading cloud computing services
Related reading:
"Alibaba will no longer promote the spin-off of Alibaba Cloud, and Hema Fresh's initial public offering plan has been suspended"
Advertising statement: The external jump links contained in the article (including but not limited to Super Links, QR codes, passwords, etc.) are used to convey more information and save selection time. The results are for reference only. All articles on this site include this statement.
The above is the detailed content of Tsai Chongxin responds to Alibaba Cloud's suspension of spin-off: The general environment has changed and further investment is needed to demonstrate the value of the cloud business. For more information, please follow other related articles on the PHP Chinese website!
Building a Network Vulnerability Scanner with GoApr 01, 2025 am 08:27 AMThis Go-based network vulnerability scanner efficiently identifies potential security weaknesses. It leverages Go's concurrency features for speed and includes service detection and vulnerability matching. Let's explore its capabilities and ethical
Top 10 Best Free Backlink Checker Tools in 2025Mar 21, 2025 am 08:28 AMWebsite construction is just the first step: the importance of SEO and backlinks Building a website is just the first step to converting it into a valuable marketing asset. You need to do SEO optimization to improve the visibility of your website in search engines and attract potential customers. Backlinks are the key to improving your website rankings, and it shows Google and other search engines the authority and credibility of your website. Not all backlinks are beneficial: Identify and avoid harmful links Not all backlinks are beneficial. Harmful links can harm your ranking. Excellent free backlink checking tool monitors the source of links to your website and reminds you of harmful links. In addition, you can also analyze your competitors’ link strategies and learn from them. Free backlink checking tool: Your SEO intelligence officer
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
AI Hentai Generator
Generate AI Hentai for free.
Hot Article
Hot Tools
SecLists
SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.
SublimeText3 Linux new version
SublimeText3 Linux latest version
Atom editor mac version download
The most popular open source editor
MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.
SublimeText3 Mac version
God-level code editing software (SublimeText3)
