Alibaba shutters its quantum computing research lab, donating the equipment to Zhejiang University, a sign of broader cutbacks, after revamping its cloud unit (Jane Zhang/Bloomberg)

Jane Zhang / Bloomberg:
Alibaba shutters its quantum computing research lab, donating the equipment to Zhejiang University, a sign of broader cutbacks, after revamping its cloud unit  —  - It follows Joe Tsai and Eddie Wu's ascension to the helm  — Cloud spinoff cancellation spurred speculation on next steps