0
IT

Alibaba to invest USD 28 bln into cloud computing division

Monday 20 April 2020 | 15:18 CET | News
Alibaba's cloud computing division plans to put USD 28 billion (RMB 200 billion) over the coming three years into its cloud operating systems, servers, chips and networks, Xinhua reported. The money will go into developing core technologies and R&D in general. This will include the expansion of Aliyun's data centres and servers.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet / IT
Companies: Alibaba
Countries: World
::: add a comment
This article is part of dossier

Coronavirus


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Alibaba reports strong start to fiscal year, with revenue up 34%, EBITDA 30% higher in June quarter

Published 20 Aug 2020 14:22 CET | China
Alibaba started its fiscal year on a strong foot, with revenues for its first quarter to end June jumping 34 percent year-on-year ...

Alibaba Cloud unveils services expansion strategy

Published 03 Jul 2020 08:22 CET | Asia
Alibaba Group's cloud-computing division Alibaba Cloud has announced plans to expand its cloud services coverage and support. The ...

Alibaba Cloud to invest USD 283 mln to power innovations from global partners

Published 17 Jun 2020 09:03 CET | China
Alibaba Cloud has announced plans to invest CNY 2 billion (approximately USD 283 million) during this fiscal year "to empower ...

Alibaba guides for higher revenues after revenue growth of 22% in Q4

Published 22 May 2020 17:41 CET | China
Revenues for Alibaba's fiscal fourth quarter rose 22 percent from the year to CNY 114.314 billion, compared to growth of 38 ...

Zain KSA launches Zain Cloud with AliBaba

Published 13 May 2020 11:19 CET | Saudi Arabia
Zain KSA said it has launched the Zain Cloud service for businesses, SMEs, entrepreneurs and government sectors in partnership ...

Alibaba Cloud joins technology committee of Content Delivery and Security Association

Published 21 Apr 2020 11:55 CET | China
Alibaba Cloud, the data intelligence backbone of Alibaba Group, announced its latest elected membership to the Content Delivery ...