The Business Times

Alibaba says to invest 200b yuan in cloud computing services

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Published Mon, Apr 20, 2020 · 03:27 AM

    [SHANGHAI] China's Alibaba Group Holding will invest 200 billion yuan (S$40.2 billion) in cloud infrastructure over a three year period, the e-commerce company said on Monday.

    The plan comes as the coronavirus pandemic has increased demand for cloud services and data centres.

    REUTERS

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