China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs
Alibaba Pours $1 Billion Into Cloud Computing. The Move Is Critical for Its Growth.
Aggregated Source: ChinaTechNews.com

Alibaba will invest $1 billion into its cloud computing division, doubling down on a high-growth area of its business as the Chinese tech giant emerges from a painful slowdown in its core area of e-commerce.

The $1 billion investment will be spread across three years and focus on incentivizing Alibaba (ticker: BABA) customers to upgrade their digital infrastructure.

Alibaba Pours $1 Billion Into Cloud Computing. The Move Is Critical for Its Growth. comes via ChinaTechNews.com.

Original URL: Click here to visit original article
Copyright ChinaTechNews.com





Warning: Use of undefined constant php - assumed 'php' (this will throw an Error in a future version of PHP) in /home/chinabus/public_html/wp-content/themes/aggregation-colors/single.php on line 80