Alibaba's Hong Kong shares tumble 10% after cloud unit spin-off shelved

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17 Nov 2023 0 shares 1 views

Alibaba's Hong Kong shares tumble 10% after cloud unit spin-off shelved

Alibaba's Hong Kong shares tumble 10% after cloud unit spin-off shelved

Upworthy

Published 17 Nov 2023

Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights HONG KONG, Nov 17 (Reuters) - Alibaba Group's (9988.HK) Hong Kong shares slumped 10% on Friday after it scrapped plans to spin off…

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