Alibaba to invest $28 billion in cloud infrastructure

Alibaba Cloud, the data intelligence backbone of Alibaba Group, said on Monday it will invest an additional $28 billion in the next three years in cloud infrastructure.

The investment would be across cloud infrastructure, focussing on technologies such as operating system, servers, chips and network, the company said in a statement.

Covid impact

“The Covid-19 pandemic has posed additional stress on the overall economy across sectors, but it also steers us to put more focus on the digital economy,” said Jeff Zhang, President of Alibaba Cloud Intelligence.

“By increasing our investment on cloud infrastructure and fundamental technologies, we hope to continue providing world-class, trusted computing resources to help businesses speed up the recovery process, and offer cloud-based intelligent solutions to support their digital transformation in the post-pandemic world.”