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 Inc. AMZN, +0.56% Microsoft Corp. MSFT, +0.00% and […]

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