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Alibaba Layoffs Hit Metaverse Division: Will The Chinese E-Commerce Giant Double-Down On AI?

Summary

Alibaba Group Holding Limited (NYSE:BABA) the Chinese e-commerce giant, has recently made significant cuts to its metaverse division, Yuanjing, as part of a broader trend of tech companies scaling back their investments in the once-hyped sector.

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Article published on November 4, 2024 by benzinga

    Alibaba Layoffs Hit Metaverse Division: Will The Chinese E-Commerce Giant Double-Down On AI? | BABA Stock News | Candlesense