Cloud computing has been one of the fastest-growing initiatives for Alibaba as it expands beyond its traditional e-commerce focus. — Reuters
Alibaba Group Holding Ltd will invest 200bil yuan (RM123.82bil) on cloud infrastructure such as datacenters over the next three years, a major effort to extend one of its fastest-growing businesses to more countries.
That huge outlay – equivalent to about half the revenue the entire company generated in fiscal 2019 – underscores the importance of a division Alibaba relies on to spearhead its international expansion. The Chinese e-commerce giant now plans to build more datacentres to complement an existing network covering 21 regions globally and support the development of technologies in areas such as AI-inference chips, it said in a statement.
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