Alibaba Group Announces Changes to Cloud and IPO Plans
In a recent financial report, Alibaba Group has revealed significant changes to its plans for the complete spin-off of Cloud Intelligence Group and the IPO of Hema. According to the report, the company will no longer be advancing the complete spin-off of Cloud Intelligence Group due to various uncertainties. Instead, Alibaba will focus on increasing strategic investment in Alibaba Cloud to ensure a strong focus on the “AI + cloud computing” development strategy.
The decision to abandon the complete spin-off of Cloud Intelligence Group is based on the belief that it may not increase shareholder value as originally envisioned. The company has stated that it will instead focus on establishing Cloud Intelligence Group as a model of sustainable growth in the uncertain environment.
Additionally, the financial report disclosed that the initial public offering plan for Hema has been suspended. Meanwhile, Cainiao has applied for a Hong Kong IPO and submitted application documents. Alibaba International Digital Business Group is also preparing for external financing.
The Securities Times e-company news has reported on these changes, emphasizing that the content mentioned in the article is for reference only and does not constitute substantive investment advice. The news outlet urges caution, reminding readers that any operations based on this information are at their own risk.
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