China's Alibaba shakes up cloud unit management after scrapping the division's IPO
Publishing timestamp: 2023-11-24 08:24:37
Summary
Alibaba is overhauling its cloud computing unit and bringing in new leadership positions to revive the division after canceling its public listing. The company will focus on three business units within the cloud space: public cloud, hybrid cloud, and cloud infrastructure. Alibaba aims to emphasize AI in the cloud as AI applications require significant computing power. The shakeup comes after the surprise cancellation of the highly-anticipated IPO of Alibaba's cloud unit. The company hopes to tap into the boom in artificial intelligence and capitalize on the demand for cloud computing driven by AI.
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Keywords: cloud computing, business news, generative ai, alibaba group holding ltd, artificial intelligence, china, internet,