UPDATE 2-Alibaba misses revenue estimates, approves cloud unit spinoff
(Adds cloud unit spinoff details in paragraph 5, executive comments on IPO for units paragraph 6) May 18 (Reuters) – China’s Alibaba Group Holding Ltd posted a 2% rise in quarterly revenue that missed expectations and said its board has approved a spinoff of its cloud-computing business. The company logged revenue of 208.20 billion yuan … Read more