Chinese e-commerce giant Alibaba has announced its plans to spin off its cloud division into a separate publicly traded company. The move follows Alibaba’s recent restructuring, which divided the company into six divisions. Alibaba aims to complete the listing within the next 12 months, pending asset restructuring, regulatory approvals, and addressing contractual obligations.
As a major player in cloud computing in China, Alibaba is increasingly positioning itself to compete with established US companies like Amazon and Microsoft. CEO Daniel Zhang stated that the decision to spin off the Cloud Intelligence Group and create an independent publicly listed company is a step toward unlocking value from Alibaba’s businesses.
Alibaba recently released its first quarterly earnings report since its restructuring and China’s reopening after Covid-19 restrictions. The report showed a 2% year-on-year increase in revenue, reaching 208.2 billion Chinese yuan ($29.6 billion). However, Alibaba’s shares declined 2.4% in early US trading as investors reacted to the company’s results and spinoff plans.
Analyst Dan Ives from Wedbush Securities described Alibaba’s cloud spinoff plan as a “no brainer strategic move” that adds value to the overall valuation of the company. Additionally, Alibaba announced its intention to launch an initial public offering for its logistics management company, Cainiao Smart Logistics, in which it currently holds a 67% stake. The IPO is expected to be completed within the next 12 to 18 months.
Alibaba has also developed a generative AI tool called Tongyi Qianwen, aimed at accelerating customer adoption of its cloud computing service. However, the company experienced a weakness in cloud computing sales in the March quarter, with a 3% year-over-year drop to 24.6 billion yuan. This decline was attributed to delays in hybrid cloud projects due to a resurgence of Covid-19 cases in January and a major customer reducing its use of Alibaba’s cloud services overseas.
In earlier developments, Alibaba sold its $126 million stake in Indian payments firm Paytm. Other major cloud players, including Amazon Web Services, have reported a slowdown in cloud growth as businesses reduce spending amid market uncertainty.
Best Chromebook: Google Pixelbook Go
Tech Specs
- 13.3-inch LCD touchscreen display
- Intel Core i5-1135G7
- 256 GB SSD
- 8GB DD4 Ram
- 12.5 battery hours
- 3.1 Pound
Who these are for: Students, people who need only basic features, and anyone who wants a cheap laptop to use as a second PC.
Why we liked the Google Pixelbook Go!
The Google Pixelbook Go is a beautiful package, from the gorgeous 13.3 inch touchscreen display and accurate keyboard to the 12-hour battery. It costs a few hundred dollars less than our top ultrabook pick and has nearly identical specs.
And unlike most cheap ultrabooks, the notebook is sturdy, has a fingerprint reader, and comes with a convenient and easily replaceable USB-C charger.
Disclaimer: Prices are at time of the review and subject to change.
Best MacBook: Apple rMBP 16-inch
Tech Specs
- 16-inch LCD touchscreen display
- Intel Core i5-1135G7
- 512GB SSD
- 16GB DD4 Ram
- 10.5 battery hours
- 2 Pounds
Who these are for: If you prefer macOS or need limited tech support, a MacBook is a safe bet. The 16-inch models usually offer the best performance of size, weight, and speed. They’re great for writers, office workers, commuters, and college students.
Why we liked the 16-inch Model:
The 2021 MacBook Air uses an Apple M1 chip that delivers great performance and fantastic battery life. And the keyboard is finally improved with the new switches. But the Air’s light weight, solid construction, and industry-trailing support make it a decent laptop, especially if you also own an iPhone or other Apple devices.
Disclaimer: Prices are at time of the review and subject to change.
As you’re tapping, scrolling, and swiping on your phone, you probably don’t give much thought to the fact that your apps are consuming electricity – just that they’re chipping away at your battery life.
Before you click away, disappointed that I brought up something as practical and boring as time management, hear me out. My intent is not to crush your spirits.
Only a quarter of young adults are financially literate. You don’t want to overwhelm them with terrible advice. Best to keep them on track.
JOHN MCCARTHY
The average U.S. iPhone owner uses 1-2 gigabytes of LTE data per month, according to some studies. That data comes at an energy cost that’s opaque, because we can’t see it directly.
You can’t look to your peers in the industry, because all they’re going to tell you is that they are killing it, crushing it, changing the world.
Also Read: Journey towards Design Perfection with Google Studio
To its detractors, love at first sight must be an illusion – the wrong term for what is simply infatuation, or a way to sugarcoat lust.
- Take a social media hiatus. According to a recent survey from Everyday Health, 60 to 70 percent of young adults say they check their social media platforms at least daily. Why not dial that back for the holidays?
- Stick to your new routine. It’s tempting to shake up your typical schedule when the holidays come around, but women’s health expert and BINTO founder Suzie Welsh emphasizes the importance of routine amid the revelry.
- Be intentional about fitness. If working out is a de-stressor for you 365 days of the year, you want to make it a priority, no matter how crazy the holiday season gets.
1. There is always the New Project, the New Opportunity.
Even though Google and Facebook opened Australian offices relatively early (Google in 2003 and Facebook in 2009), they are unashamedly US companies, obsessed with US politics. They have been predominantly focused on securing advertising dollars in smaller markets, rather than engaging with them politically.
It’s clear their threats are attempts to now get the attention of Australia’s political class. And if the platforms follow through.
2. To be successful, follow your passion and see where it leads you. All you have to do is jump right in!
Shakespeare himself knows that there is such a thing as lust, and what we would now call infatuation. He’s no fool. People who exhibit the perfectionism are fearful of failure.
Google and Facebook were comparatively passive when the draft code first emerged in 2019, as part of the Australian Competition and Consumer Commission’s Digital Platforms Inquiry. Providing advance notice of any changes.
Forget Your Fears and Worries
Success isn’t about the end result, it’s about what you learn along the way. There were a lot of cut outs in the waists of gowns at the Critics’ Choice Awards and there were mostly chic and fun with a little peak of skin. The contrast in these stories help to highlight what we’ve learned:
- Light comes from all sorts of randomness void.
- It’s a blessing, but also a terrible defect sensational.
- Smart phones are a massive energy drain.
- Buy SmartMag for your successful site.
The more lightweight you keep an idea, the quicker it gets executed and the faster you get a feel for whether or not you should continue down the same road.
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