China’s ride-hailing app DiDi loses $56 million after 12-hour outageBTW Media staffNovember 29, 2023 Didi’s 12-hour outage on Monday caused losses of around $4.6 million per hour, while Alibaba Cloud also faced an interruption.
Alibaba’s reversal cuts $20B from market valueElma YuanNovember 20, 2023 Alibaba’s stunning reversal on its cloud unit spin-off caused a massive $20 billion market value drop, shaking the markets.
