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Alibaba Cloud to Invest $28 Billion Over Three Years

By
Wayne Ma
· · Source: The Information

The cloud unit of Chinese internet giant Alibaba plans to invest 200 billion yuan ($28 billion) over the next three years on hardware and software to better compete on the world stage, the company said in a statement. The announcement comes amid the Covid-19 epidemic, which has increased demand for cloud services globally as more people work and communicate remotely. Alibaba ranked a distance...

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