, China

Alibaba invests $1b for cloud investment across APAC

It will launch data centres in the Philippines and Indonesia.

Alibaba Group’s cloud operator pledged to invest an initial $1b aiming to support talent and start-ups across the Asia Pacific region over the next three years, the company announced in a press release. The investment is the largest by Alibaba Group in its current financial year.

It also said it would launch its first data center in the Philippines by the end of this year, build an innovation center in Malaysia, and unveil its third data center in Indonesia.

“Low latency is critical across Southeast Asia where the digital infrastructure is nascent, but where policymakers are keen to see greater economic and financial inclusion that internet connections offer their citizens,” the company said.
 

Follow the link s for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!