Chinese ecommerce giant Alibaba has pledged to invest $1 billion over the next three years in its cloud computing business, in a direct challenge to Amazon’s web services.
Chinese ecommerce giant Alibaba has pledged to invest $1 billion over the next three years in its cloud computing business, in a direct challenge to Amazon’s web services. In Amazon’s recent results it showed strong growth for the cloud computing division and Alibaba, which does not compete directly with Amazon in its ecommerce operations globally, is aiming to take a slice of the Seattle firm’s lucrative business.
