"“We believe that these new restrictions may materially and adversely affect Cloud Intelligence Group’s ability to offer products and services and to perform under existing contracts, thereby negatively affecting our results of operations and financial condition,” the company said in a statement."

Read this story from "Fortune" for free without being tracked.

https://read.distractionfree.site/fortune/2023/11/17/alibaba-abandons-cloud-spinoff-plan-shares-plunge-us-chip-controls-jack-ma-ant-group/

#cloud #Alibaba #Tencent #AntGroup #PostDrop #WeChat #ECommerceCompany

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