Alibaba last year looked at spinning off its cloud computing unit, Aliyun—which CEO Daniel Zhang has previously suggested could become the company’s main business—with a valuation of more than $100 billion, Bloomberg reported . The move, which reportedly stemmed from the Chinese government’s increasing scrutiny of how private sector companies are safeguarding sensitive data, is the latest...
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How Instagram’s TikTok Envy Finally Backfired
Last month, Kim Kardashian, Kylie Jenner and other influencers stirred up a public relations firestorm for Instagram, complaining to their hundreds of millions of followers about the app's recent attempts to mimic TikTok. Those efforts were just part of a broader internal effort to take on the Chinese short-form video app, though. The Information has learned that recent tests of changes to...
China’s Economy Slows Amid Soaring Youth Unemployment
China’s Tech Giants Alibaba and ByteDance Share Algorithms With Government
Peloton Announces Job Cuts, Store Closures and Price Hikes
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