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
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4
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- Ckee:
  Agreeee
  2021-06-09
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- KenYY:
  Good news. Hope share will increase tremendously
  2021-06-08
  Reply
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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
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asdine
·2021-06-08
Good
Reply
2
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- aiyohyun:
  yesss
  2021-06-09
  Reply
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Leo_T
·2021-06-08
Baba. Comment
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1
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- Dirui:
  Yup
  2021-06-08
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Dirui
·2021-06-08
Hurray. Comments.
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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
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- Dirui:
  Wo
  2021-06-08
  Reply
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MrWondeful
·2021-06-08
Comment and like. Thanks.
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1
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- Leo_T:
  yup
  2021-06-08
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- Dirui:
  Done
  2021-06-08
  Reply
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GaryL
·2021-06-08
On the move !
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1
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DeWaee
·2021-06-08
Like and comment please. :)
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sunnylimbs
·2021-06-08
Sure
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2
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mcccccc6
·2021-06-08
Why
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2
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- mcccccc6:
  No
  2021-06-08
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- mcccccc6:
  BozN
  2021-06-08
  Reply
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mcccccc6
·2021-06-08
Lkllld
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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
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- fatpistachio:
  yup
  2021-06-08
  Reply
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YPT
·2021-06-08
Good
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2
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- YIPKF:
  Keep long
  2021-06-08
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- jaswsf:
  Buy now
  2021-06-08
  Reply
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- YPT:
  Sure
  2021-06-08
  Reply
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LEEQF
·2021-06-08
Wow damn rich
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- jaswsf:
  Keep long
  2021-06-08
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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 !
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2
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MKTrader
·2021-06-08
Wow nice
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3
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- Qarah:
  Like and comment pls
  2021-06-08
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- MIe:
  AliCloud
  2021-06-08
  Reply
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Daisysim
·2021-06-08
Go go go
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3
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- MKTrader:
  same
  2021-06-08
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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","authorIdStr":"3586164795006867","name":"KevinWan","avatar":"https://static.tigerbbs.com/69d530508883f388a4a626340300ed5a","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"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,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4638810,"gmtCreate":1623193243150,"gmtModify":1663228228048,"authorId":3579468869888881,"author":{"id":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,"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","authorIdStr":"3586071331856012","name":"mantis","avatar":"https://static.tigerbbs.com/d927d637d7d9327bda7d6e8cadc999c4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"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,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117224076,"gmtCreate":1623145053595,"gmtModify":1704197002467,"author":{"id":"3580996232696135","authorId":"3580996232696135","authorIdStr":"3580996232696135","name":"yitong99","avatar":"https://community-static.tradeup.com/news/1dca4512d9d1d2484f5baee668a31296","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"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,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4632466,"gmtCreate":1623149274388,"gmtModify":1663228200937,"authorId":3581666175913688,"author":{"id":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","authorIdStr":"3582074828081294","name":"asdine","avatar":"https://static.tigerbbs.com/1de6a3b69cd62b99233606d7c5500508","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"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,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4637193,"gmtCreate":1623171482976,"gmtModify":1663228221843,"authorId":3582936698066263,"author":{"id":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","authorIdStr":"3577164655493669","name":"Leo_T","avatar":"https://static.tigerbbs.com/4639e7c3fcdc38b65d6833798171bf2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"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,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4631389,"gmtCreate":1623142931305,"gmtModify":1663228194938,"authorId":3576728357666184,"author":{"id":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","authorIdStr":"3576728357666184","name":"Dirui","avatar":"https://static.tigerbbs.com/028fdb43f6018331c0e01e03918d42c9","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3576728357666184"},"htmlText":"Hurray. Comments.&nbsp;","listText":"Hurray. Comments.&nbsp;","text":"Hurray. 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