Eddie Yongming Wu will become CEO of Alibaba, while Joe Tsai will take over as chairman. Both are close confidants of Alibaba's billionaire founder Jack Ma.
Outgoing Alibaba CEO Daniel Zhang said the cloud business is "now full speed ahead on its spin-off plans," and that is a reason why he is stepping down as group boss.
France is making a major push to position itself as Europe's hub for artificial intelligence, throwing its weight behind the fast-growing and much-hyped technology.
Crypto prices climbed to end the week, a day after the largest asset manager in the world jumped into the race to launch the first spot bitcoin ETF in the U.S.
Binance France's president David Prinçay dismissed U.S. regulatory action just days before French prosecutors accused the exchange of money laundering.
The company’s metaverse project, called MSquared, is more than a year in the making and would enable users to live, work and interact with each other virtually.
Binance said that it can no longer serve Dutch clients "as we have been unable to register as a VASP [virtual asset service provider] with the Dutch regulator.
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