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Report: Alibaba in talks to acquire ZTEsoft to boost its cloud computing business

Chinese e-commerce giant Alibaba Group Holding Ltd. is all set to acquire ZTE Corp.’s software business in an effort to boost its cloud computing arm, Alibaba Cloud. People familiar with the matter told Bloomberg that the two companies have been involved in talks for “months,” and said a deal is close to being done. Alibaba will […] The post Report: Alibaba in talks to acquire ZTEsoft to boost its cloud computing business appeared first on SiliconANGLE.
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