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.