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BYD Earnings, Alibaba Pulls IPO

Bloomberg Daybreak: Asia Edition

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Alibaba's Strategic Pivot: From IPOs to Core Businesses

The chapter explores Alibaba's decision to pull the IPO of their subsidiary Tynew and refocus on core businesses like e-commerce and cloud computing amidst market challenges. It analyzes the shift towards value creation through buybacks and the competitive landscape in e-commerce.

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