Alibaba’s core cloud and computing business is shifting its strategy priorities to focus on public cloud services under an ongoing structure and personnel adjustment, according to a Thursday report by LatePost. The move would see the Chinese tech giant cut back on government and enterprise focused customization projects and its hardware integration business. Private cloud sales are set to belong to the hybrid cloud division, which is primarily profit-seeking, while the newly set up public cloud division will mainly target market share expansion, the report said. Alibaba Cloud has been under direct control of the company’s CEO Eddie Wu since September, with Wu announcing a strategy of driving growth through AI and prioritizing public cloud services on last month’s earnings call for the firm. Wu also stated that Alibaba’s cloud unit would build the “most open cloud in the AI era.” [LatePost, in Chinese]
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