Alibaba Cloud introduced today that it’s going to invest another RMB 200 billion 9 $28 billion into its infrastructure over the following three years, prompted in part by increased demand for services like video conferencing and dwell streaming as businesses adapt to the COVID-19 pandemic.
The funding will focus on increasing Alibaba Cloud’s technology, together with its working system, servers, and chips, in its information facilities. The supplier at the moment has 63 availability zones, located in Asia, Australia, the Middle East, Europe, and the U.S.
In press assertion, Jeff Zhang, president of Alibaba Cloud Intelligence and chief technology officer of Alibaba Group, stated, “By rising our investment on cloud infrastructure and fundamental technologies, we hope to proceed to provide world-class, trusted computing resources to assist businesses to boost the restoration process, and provide cloud-based intelligent solutions to assist their digital transformation in the post-pandemic world.”
In its last quarterly earnings report, released February, Alibaba reported cloud revenue rose 62% to $1.5 billion. Alibaba Cloud is the top cloud provider in the Asia Pacific market, based on market research firm Gartner.