Alibaba cancels cloud spinoff, blames US chip sanctions

The US government's unrelenting efforts to prevent China from accessing advanced chips or chipmaking equipment has scored another victim after Alibaba said the scheduled IPO of its cloud division is off due to the impact of CPU export curbs. The Chinese e-commerce giant reported the move alongside its calendar Q3 earnings, …

[An_Old_Dog]

Cloud "Providers" Don't Need to Buy CPUs/GPUs

They can rent them from some company, just as everyone else does.

After all, isn't The Cloud just resellers all the way down?

[EricB123]

"'The US needs to stop politicizing and weaponizing trade and tech issues and stop destabilizing global industrial and supply chains,' Chinese Foreign Ministry spokesperson Mao Ning said in response to the US's new restrictions. "

While I'm not a fan of the CCP, I do agree with the above statement. The USA will cause short pain for China, but long term it will be the USA that suffers.