Tsai Chongxin responded to Aliyun's suspension of the split: the general environment has changed, and further investment is needed to show the value of the cloud business.

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com, November 16, according to thepaper.cn, Alibaba held an earnings call after releasing his report for the second quarter of fiscal year 2024. Some investors asked whether Aliyun's listing plan was "suspended" or "forever cancelled" and asked "whether the split of Aliyun will be reconsidered after the market situation has changed." Tsai Chongxin, chairman of the board of directors of Ali Group, did not give a clear answer to this question.

Tsai Chongxin said that when he wanted to do a complete spin-off of Aliyun at that time, he wanted to show the real value of the business through the so-called financial engineering. At that time, Aliyun was in an environment in which the whole operation was predictable. It can show investors the growth trend of the business transparently.

Now that the general environment has "changed", Tsai said that it is no longer through "financial engineering", but "through further investment" to show the value of the cloud business. "it will seek to increase its growth, including revenue and profits, in the future."

CTOnews.com reported earlier today that Alibaba Group's financial report revealed that due to many uncertain factors, it will no longer promote the complete spin-off of Cloud Intelligence Group. At the same time, Alibaba will resolutely increase his continuous strategic investment in Aliyun to ensure that Aliyun focuses on the "AI + cloud computing" development strategy and build leading cloud computing services in the AI era.

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"Alibaba no longer promotes the split of Aliyun, and the initial public offering plan of Ma Xiansheng has been suspended."