It all started probably two weeks ago when words were swirling about Alibaba’s potential acquisition of K-Touch, China’s smartphone vendor. The rumor has never been confirmed or denied by both companies. And now the latest update says that one exec of K-Touch said it’s actually Aliyun, the cloud computing subsidiary of Alibaba will be merged into K-Touch. Still, neither made any response yet.

People who revealed the information said the two companies will make an announcement in the coming month though.

The potential merger means that Alibaba will spin off Aliyun and put it into another company. According to people familiar with the matter, Jack Ma, founder of Alibaba commented that the new company doesn’t have much to do with Alibaba except that Alibaba will be one of its stakeholders.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.