Market Chatter: Alibaba Group To Shut Down Cloud Data Center Services in India, Australia

MT Newswires Live07-01

Alibaba Group Holding (HKG:9988) will discontinue its cloud data center services in India and Australia as the company reassesses its global infrastructure strategy, Yicai Global reported Friday, citing the company's cloud computing arm.

The tech giant will likely add more hubs in Southeast Asia and Mexico. The Indian center will close in mid-July, while the Australian center will shutter at the end of September, the publication noted.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $70.50, Change: $-1.05, Percent Change: -1.47%

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