Opinion: Alibaba’s Covid-19 crisis response is in the cloud

China’s largest technology company is essentially admitting that the consumer story may have run its course, and the future is in business services. — AFP

Alibaba Group Holding Ltd is doubling down on its cloud strategy with a US$28bil (RM122.78bil) increase in spending over the next three years. Ignore for a moment that huge number, and turn instead to what this says about the e-commerce company’s priorities.

China’s largest technology company is essentially admitting that the consumer story may have run its course, and the future is in business services. That’s a savvy move.