Alibaba Boosts Cloud Computing Investment to Battle Amazon
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Alibaba Group Holding Ltd. will accelerate investment in data centers in the U.S., India and the Middle East to extend its challenge to Amazon.com Inc. in cloud computing.
The e-commerce giant’s Aliyun cloud services arm will target clients beyond its home market of China as it tries to match or outperform Amazon within three years, Aliyun president Simon Hu said Wednesday in Beijing.