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Alibaba spins out data-as-a-service company

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Alibaba spins out a biz to productize home-grown data tools

The new company's offerings span a cloudy analytics service, a marketing cloud, a production and sales cloud, a customer service cloud and a business development cloud.

Lingyang has reportedly been capitalized with a modest ¥50 million and staffed by employees from the Alibaba units that contributed code and expertise to the spinoff.

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