[ad_1] Alibaba Group scrapped plans to spin off its cloud business, citing uncertainties over U.S. curbs on exports to China of chips used in artificial intelligence applications. Alibaba Group’s Hong…
Tag: Spinoff
Altamira Therapeutics Announces Partial Spin-Off of Bentrio® Business
[ad_1] Altamira Therapeutics Ltd Initiates Strategic Repositioning to Focus on Company’s Core RNA Delivery Technology Altamira Therapeutics retains 49% in Altamira Medica AG, and secures 25% of future licensing revenue…
Alibaba’s Hong Kong shares tumble 10% after cloud unit spin-off shelved
[ad_1] 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 Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs
[ad_1] Updated Nov. 16, 2023 8:41 pm ET SINGAPORE—Washington’s latest curbs on the export of high-performance chips to China are beginning to bite. Alibaba on Thursday said it had scrapped…
3M Reveals Solventum as New Name for Planned, Independent Health Care Company Following Spin-Off
[ad_1] 3M Reveals Solventum as New Name for Planned, Independent Health Care Company Following Spin-Off ST. PAUL, Minn., Nov. 16, 2023 /PRNewswire/ — 3M (NYSE: MMM) today announced Solventum will be…
3M names new healthcare spinoff as Solventum
[ad_1] The logo of Down Jones Industrial Average stock market index listed company 3M is shown in Irvine, California April 13, 2016. REUTERS/Mike Blake/File Photo Acquire Licensing Rights Nov 16…
Alibaba scraps cloud business spin-off citing US chip export ban
[ad_1] Alibaba says US chip curbs have created uncertainties Also pauses Freshippo IPO Starts external fundraising for overseas digital commerce arm CEO lays out future development strategy Reports Q2 revenue…
Alibaba scraps cloud business spin-off citing US chip curbs
[ad_1] By Casey Hall and Akash Sriram (Reuters) -Alibaba Group has scrapped plans to spin-off its cloud business, citing uncertainties created by U.S. export curbs on chips used in artificial…