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Alibaba cloud unit sets sights on Amazon in US$1 billion global push

2015-07-30 06:52:25| IT Services - Topix.net

China's Alibaba Group said on Wednesday it would invest US$1 billion into its Aliyun cloud computing arm to challenge Amazon.com lucrative Web Services division, opening a global front in the battle between the two e-commerce giants. With the global cloud computing market estimated by analysts to be worth about US$20 billion, Alibaba said in a statement the investment would go toward setting up new Aliyun data centres in the Middle East, Singapore, Japan and Europe .

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