Alibaba Cloud announces mammoth infrastructure investment

📆 2020/04/20 12:12:00

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

BEIJING: Alibaba's cloud computing branch announced on Monday it would invest 200 billion yuan (US$28bil) in the research and development of core technologies such as cloud operating system, servers, chips and networks within three years.

📆 2020/04/20 12:12:00
📰 staronline

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 75%

Alibaba Cloud Computing Co., Ltd. said the investment will further expand the scale of Aliyun's data centres and servers.

Zhang Jianfeng, president of Alibaba Cloud Intelligence, said that cloud intelligence is one of Alibaba's core strategies, which would not be affected by the impact of the novel coronavirus. He said the company has been committed to data center construction for 11 years and boasts over 100 cloud data centers in 21 regions around the world.

Alibaba will apply its latest tech research achievements in the building of the next-generation data centres. - Xinhua/Asian News Network

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Maybank Investment Bank remains wary of Alliance Bank’s asset quality issues | Malay MailKUALA LUMPUR, April 20 — Maybank Investment Bank Bhd remains wary of Alliance Bank’s asset quality issues surfaced in the calendar year 2019 that could possibly be compounded by the movement control order (MCO). It said absolute impaired loans have jumped 70 per cent since March 2020 and...
Read more »