Scrapping

Renault shares jump after scrapping plans to list Ampere EV unit

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A Renault Scenic electric vehicle (EV) at the Munich Motor Show (IAA) in Munich, Germany, on Tuesday, Sept. 5, 2023. Bloomberg | Getty Images Shares of French car maker Renault jumped 5% in early deals on Tuesday, after the company canceled plans to publicly list its new electric vehicle and software business. Renault said Monday … Read more

Alibaba (BABA) shakes up cloud unit management after scrapping IPO

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The World Artificial Intelligence Conference in Shanghai in July 2023. Aly Song | Reuters Alibaba has begun an overhaul of its cloud computing unit, bringing in veterans to new leadership positions, as it looks to revive the division after cancelling its public listing. The move underscores the Chinese technology giant’s desire to tap the boom … Read more