(FILES) The logo of Alibaba is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai on July 6, 2023. Shares in Chinese e-commerce giant Alibaba plummeted on November 16, 2023, after the company said it would cancel the spinoff of its cloud computing arm because of US curbs on exports of advanced chips. Alibaba shares were down eight percent in late morning trade on Wall Street. The company had planned to split the group into six distinct entities, with the intention of taking them public. (Photo by WANG Zhao / AFP)