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

Keywords :   


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 .

Tags: global unit amazon sets

Category:Information Technology

Latest from this category

All news

»
24.11MSX2
24.11CITY 1-13
24.11 Loveyoursself Soul DVD
24.11B787-8 1/400
24.11GIANT CONTEND SL1105
24.11HappySanrio characters Halloween
24.11
24.11emmi
More »