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Alibaba Mulls Investing $28 Billion in Cloud Computing
April 20th, 2020 - 12:30 GMT

Alibaba Mulls Investing $28 Billion in Cloud Computing

China's e-commerce giant Alibaba has announced plans to invest 200 billion yuan ($28.26 billion) in its cloud computing division over the next three years. The money will be used to invest in infrastructure and technologies related to operating systems, servers, chips and networks, Alibaba said, adding that it was spurred by the coronavirus pandemic, said a CNBC report. “The COVID-19 pandemic has posed additional stress on the overall economy across ...
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