Over Next Three Years Alibaba Will Invest $ 28 Billion in Cloud Services Infrastructure
“We have confidence in the future, we are confident in the future of the digital economy”. Smart cloud services are one of Alibaba’s key strategies. We have invested over the past 11 years and we will not reduce investments due to the pandemic, on the contrary, we need to increase investments. Over the next three years, Aliyun will invest 200 billion yuan in new technologies and a new basic infrastructure", said Zhang Jianfeng, CEO of Aliyun, Asia's largest cloud computing platform Aliyun Jineng.
Investments will be made in expanding the network of servers and big data processing centers, which currently covers more than 20 countries and regions around the world, as well as developing its own technologies related to chips and artificial intelligence.