Alibaba is investing $ 28 billion in the cloud and IT infrastructure over a three-year period
newsherder | April 25, 2020
This tremendous amount of work – roughly half of the turnover that the entire company generated in the 2019 financial year – underscores the importance of a business that Alibaba relies on to drive its international expansion. The Chinese e-commerce giant is now planning to build additional data centers to complement an existing network covering 21 regions worldwide and to support the development of technologies in areas such as AI inference chips, a statement said.