Alibaba Group to invest $53bn in cloud and AI infrastructure in next three years
Expects this period to be the company's "most concentrated and highest level of investments"
News - Eddie Wu
The latest news from the data center, telco, and cloud sector
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Alibaba Cloud revenue up 7% for the quarter, cites AI as key factor
Tencent also releases quarterly earnings
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Alibaba Cloud claims modular data center can halve build times
Company invests in solutions to help satisfy demand for AI
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Alibaba Cloud revenue hits $3.64bn for the quarter
A six percent growth rate, alongside increasing capex spend
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US chip export ban scuppers Alibaba's cloud spin off
Shares fall by 10 percent
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Alibaba CEO Daniel Zhang quits company, steps down as leader of cloud unit
Leadership restructure was meant to see Zhang focus solely on Alibaba Cloud