{"id":4708,"date":"2020-04-20T15:25:00","date_gmt":"2020-04-20T15:25:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2520298"},"modified":"2020-04-20T15:25:00","modified_gmt":"2020-04-20T15:25:00","slug":"alibaba-cloud-will-invest-28-billion-more-into-its-infrastructure-over-the-next-three-years-2","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/04\/20\/alibaba-cloud-will-invest-28-billion-more-into-its-infrastructure-over-the-next-three-years-2\/","title":{"rendered":"Alibaba Cloud will invest $28 billion more into its infrastructure over the next three years"},"content":{"rendered":"

\"Inside<\/p>\n

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Alibaba Cloud<\/a> announced today that it will invest another RMB 200 billion (or about $28 billion) into its infrastructure over the next three years, prompted in part by increased demand for services like video conferencing and live streaming as businesses adapt to the COVID-19 pandemic.<\/p>\n

The investment will focus on expanding Alibaba Cloud’s <\/a> technology, including its operating system, servers and chips, in its data centers. The provider currently has 63 availability zones, located in Asia, Australia, the Middle East, Europe and the United States.<\/p>\n

In press statement, Jeff Zhang, president of Alibaba Cloud Intelligence and chief technology officer of Alibaba Group, <\/a> said, “By increasing our investment on cloud infrastructure and fundamental technologies, we hope to continue providing world-class, trusted computing resources to help businesses speed up the recovery process, and offer cloud-based intelligent solutions to support their digital transformation in the post-pandemic world.”<\/p>\n

In its last quarterly earnings report, issued in February, Alibaba reported cloud revenue grew 62% to $1.5 billion. Alibaba Cloud is the top cloud provider in the Asia Pacific market, according to Gartner<\/a>.<\/p>\n<\/div>\n

\n

See Campaign: <\/strong>https:\/\/crunchbase.com\/organization\/alibaba-cloud<\/a>
Contact Information:<\/b>
Catherine Shu<\/p>\n

Tags:<\/b>
<\/a>, Wire<\/a>, United States<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

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Contact Information:<\/h3>\n

Catherine Shu<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Alibaba Cloud announced today that it will invest another RMB 200 billion (or about $28 billion) into its infrastructure over the next three years, prompted in part by increased demand for services like video conferencing and live streaming as businesses adapt to the COVID-19 pandemic. The investment will focus on expanding Alibaba Cloud’s  technology, including its operating system, … Continue reading Alibaba Cloud will invest $28 billion more into its infrastructure over the next three years<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22,54],"tags":[],"class_list":["post-4708","post","type-post","status-publish","format-standard","hentry","category-english","category-united-states","category-wire"],"yoast_head":"\nAlibaba Cloud will invest $28 billion more into its infrastructure over the next three years - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/04\/20\/alibaba-cloud-will-invest-28-billion-more-into-its-infrastructure-over-the-next-three-years-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alibaba Cloud will invest $28 billion more into its infrastructure over the next three years - Business\" \/>\n<meta property=\"og:description\" content=\"Alibaba Cloud announced today that it will invest another RMB 200 billion (or about $28 billion) into its infrastructure over the next three years, prompted in part by increased demand for services like video conferencing and live streaming as businesses adapt to the COVID-19 pandemic. 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