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Dingtalk

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business2 years ago

Alibaba's DingTalk to Operate Independently from Cloud Division

Alibaba's work communication and collaboration platform, DingTalk, will separate from the company's cloud division and operate as a wholly-owned subsidiary. While the exact timing of the split is unknown, there are no expected impacts on DingTalk's services. DingTalk is not confirmed to pursue its own IPO, contrary to reports. Although structurally separated, DingTalk will continue to work closely with Alibaba's cloud division in terms of technology. Alibaba's cloud division is also working towards its own public listing, with plans for an IPO by May next year.

via Reuters|
#alibaba#business#cloud-business
business2 years ago

Alibaba's Cloud and AI Units to Go Public as Quarterly Revenue Misses Expectations.

Alibaba is set to spin off its Cloud Intelligence Group, which includes its cloud, AI, and business messenger unit, into an independent publicly listed company. The cloud business generated $2.7 billion in revenue during the first quarter, making up 9% of Alibaba's total revenues. The move comes as Alibaba aims to unlock value from its businesses and make cloud computing more accessible and affordable. The integration of cloud computing and AI research makes sense as each new breakthrough in AI requires more computational power, and Beijing has recently called on cloud providers to work more closely with AI firms.

via TechCrunch|
#ai#alibaba#business
business2 years ago

Alibaba considers spin-offs and IPOs for cloud and business units.

Alibaba is set to spin off its Cloud Intelligence Group, which includes its cloud, AI, and business messenger unit, into an independent publicly listed company. The cloud business generated $2.7 billion in revenue during the first quarter, making up 9% of Alibaba's total revenues. The move comes as Alibaba aims to unlock value from its businesses and include external strategic investors in the group through private financings. The cloud and AI research team go hand in hand, and Alibaba is working to make cloud computing more accessible and affordable.

via TechCrunch|
#ai#alibaba#business