Sunday, June 1, 2025
Phonemantra
No Result
View All Result
  • Home
  • Mobiles
  • Tech News
  • Cars
  • Entertainment
  • USA News
  • Health
  • Cameras
  • Gaming
No Result
View All Result
  • Home
  • Mobiles
  • Tech News
  • Cars
  • Entertainment
  • USA News
  • Health
  • Cameras
  • Gaming
No Result
View All Result
Phonemantra
No Result
View All Result
Home Tech News

Alibaba invests $ 28 billion in cloud services

Demand for cloud services increased after coronavirus outbreak

Alibaba Group Holding said it will invest 200 billion yuan ($ 28 billion) in its cloud infrastructure for over three years. This plan was a response to the rapid growth of demand in the commercial segment due to the outbreak of coronavirus in China.

Alibaba
Alibaba

Alibaba invests $ 28 billion in cloud services

According to the company, funds will be allocated for semiconductor solutions, development of an operating system and building its own data center infrastructure.

Since most of the Chinese employees were working at home during February, China’s leading cloud service provider has seen an increase in the use of its software, especially DingTalk, a workplace chat application used by both businesses and educational institutions.

Alibaba Cloud Intelligence President Jeff Zhang said the COVID-19 pandemic “created additional stress in all sectors of the economy,” but the company hopes its investment will help enterprises “accelerate the recovery process.”

The cloud division is one of Alibaba’s fastest growing businesses. Revenues in the fourth quarter grew 62% to 10.7 billion yuan, for the first time in one quarter, exceeding 10 billion yuan.

According to Canalys research company, in the fourth quarter, the technology giant occupied 46.4% of China’s cloud market. The second and third places are occupied by Tencent Cloud and Baidu Cloud, which occupy 18% and 8.8% of the market, respectively.

 

  • 0Facebook
  • 0WhatsApp
  • 0Twitter
  • 0Pinterest
  • 0Reddit
  • 0Telegram
  • 0Skype
  • 0Facebook Messenger
  • Copy Link
  • 0Print
  •  shares

Related Posts

Nothing Phone (3)
Mobiles

Nothing Phone (3) Redesign Teased

May 30, 2025
Vivo S30 and S30 Pro
Mobiles

Vivo S30 and S30 Pro Mini Launched in China

May 30, 2025
oneplus 13s price in india
Mobiles

OnePlus 13s Price in India

May 30, 2025
Motorola Unveils Moto G86 Power 5G
Mobiles

Motorola Unveils Moto G86 Power 5G, G86 5G, and G56 5G

May 30, 2025
YouTube Shorts
App news

YouTube Shorts to Get Google Lens Integration

May 30, 2025
Xiaomi 16
Mobiles

Xiaomi 16 Full Specifications Leaked Ahead of Launch

May 30, 2025

Recommended Stories

bank of america retirement benefits

Your Golden Years, Bank of America Retirement Benefits

November 8, 2023
Galaxy smartphones

Samsung will turn all its Galaxy smartphones into gaming devices.

October 3, 2023

California Stay-at-home order: California authorities explained the rules for opening shopping centres and offices

May 13, 2020 - Updated on December 8, 2022

Ads

Popular Stories

  • Coping with Diabetes During the Summer Heat

    Coping with Diabetes During the Summer Heat

    0 shares
    Share 0 Tweet 0
  • Food Allergies

    0 shares
    Share 0 Tweet 0
  • Why Colon Health Should Be a Top Priority

    0 shares
    Share 0 Tweet 0
  • The Importance of Speaking Up About Healthcare Decisions

    0 shares
    Share 0 Tweet 0
  • The Truth About Dieting

    0 shares
    Share 0 Tweet 0
Phonemantra

© 2025 Phonemantra

Navigate Site

  • Our Team
  • Sitemap
  • Legal Disclaimer
  • Privacy Policy
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Mobiles
  • Tech News
  • Cars
  • Entertainment
  • USA News
  • Health
  • Cameras
  • Gaming

© 2025 Phonemantra