Alibaba Kicks Off Spending Spree With $1 Billion for Cloud

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Alibaba Kicks Off Spending Spree With $1 Billion for Cloud

Bloomberg2021-06-08

Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...

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Comment（34）

KevinWan
·2021-06-08
Time to accumulate more Alibaba
Reply
4
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- Ckee:
  Agreeee
  2021-06-09
  Reply
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- KenYY:
  Good news. Hope share will increase tremendously
  2021-06-08
  Reply
  Report
mantis
·2021-06-08
Oh no
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yitong99
·2021-06-08
Cool comment pls
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- happyfarmer:
  gonna spend to expand
  2021-06-08
  Reply
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asdine
·2021-06-08
Good
Reply
2
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Fold Replies
- aiyohyun:
  yesss
  2021-06-09
  Reply
  Report
Leo_T
·2021-06-08
Baba. Comment
Reply
1
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- Dirui:
  Yup
  2021-06-08
  Reply
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Dirui
·2021-06-08
Hurray. Comments.
Reply
2
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- Leo_T:
  yay
  2021-06-08
  Reply
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Melanie85
·2021-06-08
Looking forward
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- Leo_T:
  ok
  2021-06-08
  Reply
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- Dirui:
  Wo
  2021-06-08
  Reply
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MrWondeful
·2021-06-08
Comment and like. Thanks.
Reply
1
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- Leo_T:
  yup
  2021-06-08
  Reply
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- Dirui:
  Done
  2021-06-08
  Reply
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GaryL
·2021-06-08
On the move !
Reply
1
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DeWaee
·2021-06-08
Like and comment please. :)
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sunnylimbs
·2021-06-08
Sure
Reply
2
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mcccccc6
·2021-06-08
Why
Reply
2
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- mcccccc6:
  No
  2021-06-08
  Reply
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- mcccccc6:
  BozN
  2021-06-08
  Reply
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mcccccc6
·2021-06-08
Lkllld
Reply
3
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Ola5528
·2021-06-08
Looking forward to continued growth for baba after the recent slump
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3
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- GaryL:
  To the moon!
  2021-06-08
  Reply
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- fatpistachio:
  yup
  2021-06-08
  Reply
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YPT
·2021-06-08
Good
Reply
2
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- YIPKF:
  Keep long
  2021-06-08
  Reply
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- jaswsf:
  Buy now
  2021-06-08
  Reply
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- YPT:
  Sure
  2021-06-08
  Reply
  Report
LEEQF
·2021-06-08
Wow damn rich
Reply
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- jaswsf:
  Keep long
  2021-06-08
  Reply
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- LEEQF:
  ?
  2021-06-08
  Reply
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geraldwwx
·2021-06-08
Hopefully a booster for baba
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MIe
·2021-06-08
Ali comeback !
Reply
2
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MKTrader
·2021-06-08
Wow nice
Reply
3
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- Qarah:
  Like and comment pls
  2021-06-08
  Reply
  Report
- MIe:
  AliCloud
  2021-06-08
  Reply
  Report
Daisysim
·2021-06-08
Go go go
Reply
3
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- MKTrader:
  same
  2021-06-08
  Reply
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The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":117511769,"gmtCreate":1623150560051,"gmtModify":1704197096842,"author":{"id":"3586164795006867","authorId":"3586164795006867","name":"KevinWan","avatar":"https://static.tigerbbs.com/69d530508883f388a4a626340300ed5a","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3586164795006867","authorIdStr":"3586164795006867"},"htmlText":"Time to accumulate more Alibaba","listText":"Time to accumulate more Alibaba","text":"Time to accumulate more Alibaba","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/117511769","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4638810,"gmtCreate":1623193243150,"gmtModify":1663228228048,"authorId":3579468869888881,"author":{"id":3579468869888881,"idStr":"3579468869888881","authorId":3579468869888881,"name":"Ckee","avatar":"https://static.tigerbbs.com/59c83eb3fca0be8276df2d1f268e7e7e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117511769,"type":1,"supId":0,"prevId":0,"content":"Agreeee ","text":"Agreeee ","html":"Agreeee "},{"id":4633253,"gmtCreate":1623154405563,"gmtModify":1663228202436,"authorId":3579034601346213,"author":{"id":3579034601346213,"idStr":"3579034601346213","authorId":3579034601346213,"name":"KenYY","avatar":"https://static.tigerbbs.com/316c385275d967d85c9acc8931a73d34","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117511769,"type":1,"supId":0,"prevId":0,"content":"Good news. Hope share will increase tremendously","text":"Good news. Hope share will increase tremendously","html":"Good news. Hope share will increase tremendously"}],"langContent":"EN"},{"id":117271126,"gmtCreate":1623146824365,"gmtModify":1704197038381,"author":{"id":"3586071331856012","authorId":"3586071331856012","name":"mantis","avatar":"https://static.tigerbbs.com/d927d637d7d9327bda7d6e8cadc999c4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586071331856012","authorIdStr":"3586071331856012"},"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117271126","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117224076,"gmtCreate":1623145053595,"gmtModify":1704197002467,"author":{"id":"3580996232696135","authorId":"3580996232696135","name":"yitong99","avatar":"https://community-static.tradeup.com/news/1dca4512d9d1d2484f5baee668a31296","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3580996232696135","authorIdStr":"3580996232696135"},"htmlText":"Cool comment pls","listText":"Cool comment pls","text":"Cool comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/117224076","repostId":1129979880,"repostType":2,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4632466,"gmtCreate":1623149274388,"gmtModify":1663228200937,"authorId":3581666175913688,"author":{"id":3581666175913688,"idStr":"3581666175913688","authorId":3581666175913688,"name":"happyfarmer","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117224076,"type":1,"supId":0,"prevId":0,"content":"gonna spend to <u>expand</u>","text":"gonna spend to <u>expand</u>","html":"gonna spend to <u>expand</u>"}],"langContent":"EN"},{"id":117211259,"gmtCreate":1623142894671,"gmtModify":1704196954979,"author":{"id":"3582074828081294","authorId":"3582074828081294","name":"asdine","avatar":"https://static.tigerbbs.com/1de6a3b69cd62b99233606d7c5500508","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3582074828081294","authorIdStr":"3582074828081294"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/117211259","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4637193,"gmtCreate":1623171482976,"gmtModify":1663228221843,"authorId":3582936698066263,"author":{"id":3582936698066263,"idStr":"3582936698066263","authorId":3582936698066263,"name":"aiyohyun","avatar":"https://static.tigerbbs.com/5efe05924fc38dd8db647c314e32c5b2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117211259,"type":1,"supId":0,"prevId":0,"content":"<u>yesss</u>","text":"<u>yesss</u>","html":"<u>yesss</u>"}],"langContent":"EN"},{"id":117211161,"gmtCreate":1623142873453,"gmtModify":1704196954818,"author":{"id":"3577164655493669","authorId":"3577164655493669","name":"Leo_T","avatar":"https://static.tigerbbs.com/4639e7c3fcdc38b65d6833798171bf2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577164655493669","authorIdStr":"3577164655493669"},"htmlText":"Baba. Comment","listText":"Baba. Comment","text":"Baba. Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/117211161","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4631389,"gmtCreate":1623142931305,"gmtModify":1663228194938,"authorId":3576728357666184,"author":{"id":3576728357666184,"idStr":"3576728357666184","authorId":3576728357666184,"name":"Dirui","avatar":"https://static.tigerbbs.com/028fdb43f6018331c0e01e03918d42c9","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117211161,"type":1,"supId":0,"prevId":0,"content":"Yup","text":"Yup","html":"Yup"}],"langContent":"EN"},{"id":117235767,"gmtCreate":1623142531559,"gmtModify":1704196947367,"author":{"id":"3576728357666184","authorId":"3576728357666184","name":"Dirui","avatar":"https://static.tigerbbs.com/028fdb43f6018331c0e01e03918d42c9","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3576728357666184","authorIdStr":"3576728357666184"},"htmlText":"Hurray. Comments.&nbsp;","listText":"Hurray. Comments.&nbsp;","text":"Hurray. Comments.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/117235767","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4631363,"gmtCreate":1623142781844,"gmtModify":1663228193752,"authorId":3577164655493669,"author":{"id":3577164655493669,"idStr":"3577164655493669","authorId":3577164655493669,"name":"Leo_T","avatar":"https://static.tigerbbs.com/4639e7c3fcdc38b65d6833798171bf2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117235767,"type":1,"supId":0,"prevId":0,"content":"<u>yay</u>","text":"<u>yay</u>","html":"<u>yay</u>"}],"langContent":"EN"},{"id":117231856,"gmtCreate":1623142262675,"gmtModify":1704196940970,"author":{"id":"3568551007910230","authorId":"3568551007910230","name":"Melanie85","avatar":"https://static.tigerbbs.com/12da6320c0aa0175de96553f90b90457","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3568551007910230","authorIdStr":"3568551007910230"},"htmlText":"Looking forward","listText":"Looking forward","text":"Looking forward","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/117231856","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4631375,"gmtCreate":1623142808317,"gmtModify":1663228195836,"authorId":3577164655493669,"author":{"id":3577164655493669,"idStr":"3577164655493669","authorId":3577164655493669,"name":"Leo_T","avatar":"https://static.tigerbbs.com/4639e7c3fcdc38b65d6833798171bf2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117231856,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":4631392,"gmtCreate":1623142942894,"gmtModify":1663228192746,"authorId":3576728357666184,"author":{"id":3576728357666184,"idStr":"3576728357666184","authorId":3576728357666184,"name":"Dirui","avatar":"https://static.tigerbbs.com/028fdb43f6018331c0e01e03918d42c9","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117231856,"type":1,"supId":4631375,"prevId":0,"content":"Wo","text":"Wo","html":"Wo"}],"langContent":"EN"},{"id":117233020,"gmtCreate":1623142208160,"gmtModify":1704196938686,"author":{"id":"3561173247701950","authorId":"3561173247701950","name":"MrWondeful","avatar":"https://static.tigerbbs.com/804142c303789d12327a828b64c1ddd7","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3561173247701950","authorIdStr":"3561173247701950"},"htmlText":"Comment and like. Thanks.","listText":"Comment and like. Thanks.","text":"Comment and like. Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/117233020","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4631365,"gmtCreate":1623142793614,"gmtModify":1663228194737,"authorId":3577164655493669,"author":{"id":3577164655493669,"idStr":"3577164655493669","authorId":3577164655493669,"name":"Leo_T","avatar":"https://static.tigerbbs.com/4639e7c3fcdc38b65d6833798171bf2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117233020,"type":1,"supId":4631305,"prevId":0,"content":"<u>yup</u>","text":"<u>yup</u>","html":"<u>yup</u>"},{"id":4631305,"gmtCreate":1623142575688,"gmtModify":1663228191743,"authorId":3576728357666184,"author":{"id":3576728357666184,"idStr":"3576728357666184","authorId":3576728357666184,"name":"Dirui","avatar":"https://static.tigerbbs.com/028fdb43f6018331c0e01e03918d42c9","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117233020,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":117292343,"gmtCreate":1623141936582,"gmtModify":1704196931018,"author":{"id":"3566169444998058","authorId":"3566169444998058","name":"GaryL","avatar":"https://static.tigerbbs.com/528fb5afea5ab18c21c7ded16d25d53c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3566169444998058","authorIdStr":"3566169444998058"},"htmlText":"On the move !","listText":"On the move !","text":"On the move !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117292343","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117205763,"gmtCreate":1623141380052,"gmtModify":1704196919015,"author":{"id":"3559862613975413","authorId":"3559862613975413","name":"DeWaee","avatar":"https://community-static.tradeup.com/news/ede7f2be393dc5d5b15a5004ab2df6f5","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3559862613975413","authorIdStr":"3559862613975413"},"htmlText":"Like and comment please. :)","listText":"Like and comment please. :)","text":"Like and comment please. :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117205763","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117201099,"gmtCreate":1623141225811,"gmtModify":1704196912031,"author":{"id":"3581734197173658","authorId":"3581734197173658","name":"sunnylimbs","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3581734197173658","authorIdStr":"3581734197173658"},"htmlText":"Sure","listText":"Sure","text":"Sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117201099","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117200933,"gmtCreate":1623141075222,"gmtModify":1704196907648,"author":{"id":"3557115305021464","authorId":"3557115305021464","name":"mcccccc6","avatar":"https://static.tigerbbs.com/afa6344d47cc0c544ff888306c0941b3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3557115305021464","authorIdStr":"3557115305021464"},"htmlText":"Why","listText":"Why","text":"Why","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/117200933","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4630955,"gmtCreate":1623141128661,"gmtModify":1663228191457,"authorId":3557115305021464,"author":{"id":3557115305021464,"idStr":"3557115305021464","authorId":3557115305021464,"name":"mcccccc6","avatar":"https://static.tigerbbs.com/afa6344d47cc0c544ff888306c0941b3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117200933,"type":1,"supId":0,"prevId":0,"content":"<u>No</u>","text":"<u>No</u>","html":"<u>No</u>"},{"id":4630950,"gmtCreate":1623141106694,"gmtModify":1635332334434,"authorId":3557115305021464,"author":{"id":3557115305021464,"idStr":"3557115305021464","authorId":3557115305021464,"name":"mcccccc6","avatar":"https://static.tigerbbs.com/afa6344d47cc0c544ff888306c0941b3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117200933,"type":1,"supId":0,"prevId":0,"content":"<u>BozN</u>","text":"<u>BozN</u>","html":"<u>BozN</u>"}],"langContent":"EN"},{"id":117200037,"gmtCreate":1623141067129,"gmtModify":1704196907324,"author":{"id":"3557115305021464","authorId":"3557115305021464","name":"mcccccc6","avatar":"https://static.tigerbbs.com/afa6344d47cc0c544ff888306c0941b3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3557115305021464","authorIdStr":"3557115305021464"},"htmlText":"Lkllld","listText":"Lkllld","text":"Lkllld","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117200037","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117677185,"gmtCreate":1623141049747,"gmtModify":1704196906516,"author":{"id":"3573943942927358","authorId":"3573943942927358","name":"Ola5528","avatar":"https://static.tigerbbs.com/80f475dff1b8107d8a24e19220f0038d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573943942927358","authorIdStr":"3573943942927358"},"htmlText":"Looking forward to continued growth for baba after the recent slump&nbsp;","listText":"Looking forward to continued growth for baba after the recent slump&nbsp;","text":"Looking forward to continued growth for baba after the recent slump","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/117677185","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4631199,"gmtCreate":1623141958547,"gmtModify":1663228192936,"authorId":3566169444998058,"author":{"id":3566169444998058,"idStr":"3566169444998058","authorId":3566169444998058,"name":"GaryL","avatar":"https://static.tigerbbs.com/528fb5afea5ab18c21c7ded16d25d53c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117677185,"type":1,"supId":0,"prevId":0,"content":"To the moon!","text":"To the moon!","html":"To the moon!"},{"id":4631121,"gmtCreate":1623141640721,"gmtModify":1663228190730,"authorId":3582694035180181,"author":{"id":3582694035180181,"idStr":"3582694035180181","authorId":3582694035180181,"name":"fatpistachio","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117677185,"type":1,"supId":0,"prevId":0,"content":"yup","text":"yup","html":"yup"}],"langContent":"EN"},{"id":117645642,"gmtCreate":1623140559786,"gmtModify":1704196889456,"author":{"id":"3579838075158745","authorId":"3579838075158745","name":"YPT","avatar":"https://static.tigerbbs.com/10baea998b9915ab14ba326ad1c4a2a6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579838075158745","authorIdStr":"3579838075158745"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/117645642","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4630830,"gmtCreate":1623140596712,"gmtModify":1663228192532,"authorId":3579748162894863,"author":{"id":3579748162894863,"idStr":"3579748162894863","authorId":3579748162894863,"name":"YIPKF","avatar":"https://static.tigerbbs.com/cb307b178e826c212e864c04e7018162","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117645642,"type":1,"supId":0,"prevId":0,"content":"Keep <u>long</u>","text":"Keep <u>long</u>","html":"Keep <u>long</u>"},{"id":4630934,"gmtCreate":1623141015895,"gmtModify":1663228192447,"authorId":3571893886885807,"author":{"id":3571893886885807,"idStr":"3571893886885807","authorId":3571893886885807,"name":"jaswsf","avatar":"https://static.tigerbbs.com/ed600b3aaba5cb409e893412ae0ee2a9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117645642,"type":1,"supId":0,"prevId":0,"content":"Buy <u>now</u>","text":"Buy <u>now</u>","html":"Buy <u>now</u>"},{"id":4630833,"gmtCreate":1623140610972,"gmtModify":1663228191460,"authorId":3579838075158745,"author":{"id":3579838075158745,"idStr":"3579838075158745","authorId":3579838075158745,"name":"YPT","avatar":"https://static.tigerbbs.com/10baea998b9915ab14ba326ad1c4a2a6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117645642,"type":1,"supId":4630830,"prevId":0,"content":"<u>Sure</u>","text":"<u>Sure</u>","html":"<u>Sure</u>"}],"langContent":"EN"},{"id":117646553,"gmtCreate":1623140493372,"gmtModify":1704196887679,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"htmlText":"Wow damn rich&nbsp;","listText":"Wow damn rich&nbsp;","text":"Wow damn rich","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/117646553","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4630878,"gmtCreate":1623140778398,"gmtModify":1663228192633,"authorId":3571893886885807,"author":{"id":3571893886885807,"idStr":"3571893886885807","authorId":3571893886885807,"name":"jaswsf","avatar":"https://static.tigerbbs.com/ed600b3aaba5cb409e893412ae0ee2a9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117646553,"type":1,"supId":0,"prevId":0,"content":"Keep <u>long</u>","text":"Keep <u>long</u>","html":"Keep <u>long</u>"},{"id":4631062,"gmtCreate":1623141415303,"gmtModify":1663228192633,"authorId":3572235673675008,"author":{"id":3572235673675008,"idStr":"3572235673675008","authorId":3572235673675008,"name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117646553,"type":1,"supId":4630878,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":117648697,"gmtCreate":1623140428819,"gmtModify":1704196886063,"author":{"id":"3555322280934257","authorId":"3555322280934257","name":"geraldwwx","avatar":"https://static.tigerbbs.com/bccdb31724278699a26408ea1426d1d2","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3555322280934257","authorIdStr":"3555322280934257"},"htmlText":"Hopefully a booster for baba&nbsp;","listText":"Hopefully a booster for baba&nbsp;","text":"Hopefully a booster for baba","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117648697","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117657099,"gmtCreate":1623140197311,"gmtModify":1704196879106,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":0,"idStr":"3577182936341023","authorIdStr":"3577182936341023"},"htmlText":"Ali comeback !","listText":"Ali comeback !","text":"Ali comeback !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117657099","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117654239,"gmtCreate":1623140177521,"gmtModify":1704196878461,"author":{"id":"3563243258535559","authorId":"3563243258535559","name":"MKTrader","avatar":"https://static.tigerbbs.com/41fde116200c232379312d26e2768f6e","vip":1,"hat":"https://static.tigerbbs.com/6444b4970948c1077534c593eccd6d16","crmLevel":9,"crmLevelSwitch":1,"idStr":"3563243258535559","authorIdStr":"3563243258535559"},"htmlText":"Wow nice","listText":"Wow nice","text":"Wow nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/117654239","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4630755,"gmtCreate":1623140243894,"gmtModify":1663228189526,"authorId":3570439473038184,"author":{"id":3570439473038184,"idStr":"3570439473038184","authorId":3570439473038184,"name":"Qarah","avatar":"https://static.tigerbbs.com/48285a44928a897dd5f255c626d5e9e1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117654239,"type":1,"supId":0,"prevId":0,"content":"Like and comment pls","text":"Like and comment pls","html":"Like and comment pls"},{"id":4630751,"gmtCreate":1623140234229,"gmtModify":1635332351853,"authorId":3577182936341023,"author":{"id":3577182936341023,"idStr":"3577182936341023","authorId":3577182936341023,"name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.11","exceedPercentage":"93.18%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":117654239,"type":1,"supId":0,"prevId":0,"content":"AliCloud","text":"AliCloud","html":"AliCloud"}],"langContent":"EN"},{"id":117654966,"gmtCreate":1623140160855,"gmtModify":1704196877977,"author":{"id":"3584528774343667","authorId":"3584528774343667","name":"Daisysim","avatar":"https://static.tigerbbs.com/4b7c4eb94abf2485c43fd7c4958f7dc0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584528774343667","authorIdStr":"3584528774343667"},"htmlText":"Go go go","listText":"Go go go","text":"Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/117654966","repostId":1129979880,"repostType":4,"repost":{"id":"1129979880","pubTimestamp":1623139047,"share":"https://ttm.financial/m/news/1129979880?lang=&edition=fundamental","pubTime":"2021-06-08 15:57","market":"us","language":"en","title":"Alibaba Kicks Off Spending Spree With $1 Billion for Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1129979880","media":"Bloomberg","summary":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion f","content":"<ul><li>Tech giant is boosting investments after record antitrust fine</li><li>Alibaba Cloud is pledging $1 billion for tech startups</li></ul><p>Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.</p><p>The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.</p><p>Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.</p><p>“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”</p><p>Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.</p><p>ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.</p><p>Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.</p><p>“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”</p><p>Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Kicks Off Spending Spree With $1 Billion for Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Kicks Off Spending Spree With $1 Billion for Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/alibaba-kicks-off-spending-spree-with-1-billion-for-cloud?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129979880","content_text":"Tech giant is boosting investments after record antitrust fineAlibaba Cloud is pledging $1 billion for tech startupsAlibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.The $1 billion will be the initial funding for Project AsiaForward, which aims to nurture 100,000 developers and tech startups over the next three years, Alibaba said in a statement Tuesday. The company aims to build a million-strong talent pool by providing training for developers, as well as connecting entrepreneurs with venture capital and other opportunities.Jack Ma’s e-commerce titan said last month it will invest all incremental profits into areas like technology and e-commerce, after Chinese antitrust regulators imposed a record $2.8 billion fine that drove the firm to its first quarterly loss in nine years. Chinese tech giants from Alibaba toTencent Holdings Ltd.and Meituan have all pledged to dramatically boost spending, as Beijing’s crackdown on the industry forces companies to find new growth drivers.“We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to fintech and online entertainment,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in the statement. “Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”Alibaba’s cloud business, modeled on AmazonWebServices, grew from the needs of its massive online shopping operation to become one of the e-commerce giant’s biggest growth engines. But its expansion is slowing in the wake of competition from Tencent and Huawei Technologies Co. Its cloud revenue rose just 37% in the March quarter, the slowest pace since 2014, after a major customer pulled out.ByteDance Ltd.’s viral video service TikTok decided to drop Alibaba as a cloud provider during the period and instead relied more on its own inhouse servers and American rivals such as AWS, a person familiar with the matter said, asking not to be identified talking about a private decision.Alibaba Cloud is opening its first datacenter in the Philippines by the end of this year and will build an innovation center in Malaysia. Currently operating in 75 so-called availability zones in 24 regions, the firm has also launched a third datacenter in Indonesia. It was the No. 3 Infrastructure-as-a-Service, or IaaS cloud provider globally in 2020, behindAmazon.com Inc.andMicrosoft Corp., according to industry researcher Gartner.“Our strategicroadmapfor APAC includes targeted investments to facilitate the digital transformation of local businesses,” Selina Yuan, general manager of Alibaba Cloud Intelligence’s international business unit, said in the statement. “We see these investments as all the more timely given the impact of the pandemic and the sharp rise in demand for digital business tools.”Fierce rival Tencentsaidlast week it’s launching four datacenters in Bangkok, Frankfurt, Hong Kong and Tokyo, giving its cloud business a presence in 27 regions worldwide.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4630740,"gmtCreate":1623140191491,"gmtModify":1663228190431,"authorId":3563243258535559,"author":{"id":3563243258535559,"idStr":"3563243258535559","authorId":3563243258535559,"name":"MKTrader","avatar":"https://static.tigerbbs.com/41fde116200c232379312d26e2768f6e","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.66%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.31","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":117654966,"type":1,"supId":0,"prevId":0,"content":"<u>same</u>","text":"<u>same</u>","html":"<u>same</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":66,"commentSize":34,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}