Alibaba to cut back on plans for U.S. cloud business: report

Alibaba Group Holding Ltd. BABA, +0.55% is planning to halt its plans for a U.S. expansion of its cloud business, according to a new report from The Information. The story, which cites multiple anonymous sources, said that Alibaba is putting its plans on hold after its initial attempts to compete with Amazon.com Inc. AMZN, +0.56% Microsoft Corp. MSFT, +0.00% and […]

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