Alibaba's cloud ambitions, aiming to rival AWS, have been derailed by Beijing's crackdown, as sources say many institutions have moved to state-backed rivals
For years, Alibaba Group Holding Ltd. had a legitimate shot at becoming the Amazon.com Inc. of China, an e-commerce juggernaut … Tweets: @pelstrom Tweets: Peter Elstrom / @pelstrom : Deep dive into Alibaba and how Beijing's crackdown is jeopardizing profits in its cloud computing business from @cocojournalist and team. Alibaba even looked at spinning off the cloud business. Key points here: https://www.bloomberg.com/...