Alibaba Group (NYSE: BABA) will invest an additional US$1 billion to accelerate the growth of Aliyun, its cloud computing subsidiary.
The additional funding will be used to expand Aliyun’s international presence, extend and support an alliance-based global cloud computing ecosystem, and for the development of new cloud and big data solutions.
Aliyun currently provides public cloud computing services in five data centers in China and in Hong Kong, and earlier this year launched its first overseas data center in Silicon Valley. Part of this new investment will be used to set up a global network of cloud computing centers in the Middle East, Singapore, Japan and Europe.
Established in September 2009 and led by Simon Hu, President, Aliyun (Alibaba Cloud Computing, 阿里云) develops scalable cloud computing and data management services providing large and small businesses, financial institutions, governments and other organizations with solutions to meet their networking and information needs. A business of Alibaba Group, the company operates the network that powers Alibaba Group’s online and mobile commerce ecosystem and sells a comprehensive suite of cloud computing services to support sellers and other third-party entities participating in this ecosystem. Alliance partners including Intel, Singtel, Dubai-based Meraas, Equinix, PCCW, LINKBYNET, and Hong Kong-based Towngas cover North America, Asia, Europe, and the Middle East.
Aliyun also signed a strategic partnership with Yonyou Software Co., a large software vendor in China and a large enterprise independent software vendor in the Asia Pacific region, that will expand business opportunities for both parties.
FinSMEs
03/08/2015