☁️ Alibaba Cloud: Alibaba has cancelled their spinoff of their Cloud division because of restrictions of the US exporting computer chips to China. Alibaba Cloud will still be operational and is being used for data storage, database, cloud computing and was set up to compete with other cloud computing tech like AWS, Azure and Google Cloud.

📝 The original plan: Originally, it was supposed to have a spinoff to be its own business under the Alibaba Group. Alibaba was splitting its major departments so that they can be their own IPOs. Now it will be focus on creating sustainable growth during the AI rush.