Alibaba Cloud to invest $283 mn to accelerate global partner innovations

NEW DELHI: Alibaba Cloud Tuesday said it will invest RMB2 billion (US$283 million) during the current fiscal year with an aim to empower its global partners and jointly accelerate innovations in the post-pandemic era.

The investment aims to help Alibaba Cloud partners in accelerating their digitalization capabilities and create products and solutions jointly to benefit customers across all sectors.

“As Alibaba Cloud continues to expand our product and services offerings, we want to bring even more opportunities to our partners so that we can collaboratively innovate to bring the most up-to-date services to our customers, and generate business success for them,” said Lancelot Guo, VP of Alibaba Group, and GM of Ecosystem and Sales Operations, Alibaba Cloud Intelligence.