Alibaba to invest $28 Billion in Cloud Infrastructure over Next Three Years

Alibaba Cloud, cloud infrastructure, COVID-19, pandemic, operating system, servers, chips, network
Alibaba to invest $28 Billion in Cloud Infrastructure over Next Three Years

Alibaba Cloud has announced that it will invest an additional $28 billion in the next three years in cloud infrastructure. The investment is initiated due to the increase in demand for services like video conferencing and lives to stream as businesses adapt to the COVID-19 pandemic. It is expected to focus on technologies such as operating systems, servers, chips, and networks.

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According to Gartner, Alibaba Cloud is the top cloud provider in the Asia Pacific market and reported an increase of 62% to $1.5 billion.

Source:https://techcrunch.com/2020/04/19/alibaba-cloud-will-invest-28-billion-more-into-its-infrastructure-over-the-next-three-years/

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