Alibaba does not pursue cloud spin-off, loses 18 billion euros in market value
China's Alibaba is not spinning off its cloud business into a separate company after all. The e-commerce and tech giant announced this recently. This decision immediately cost the company as much as 18 billion euros ($20 billion) in stock market value.
Chinese e-commerce company Alibaba has deci... Read more
Alibaba splits itself into six separate companies
Chinese e-commerce and tech giant Alibaba is splitting itself into six separate companies. According to the e-commerce and tech giant, this split would allow it to respond better to changes in the market. It should also enable the companies to innovate independently faster in their respective marke... Read more
Alibaba announces plans to adopt Arm CPUs in 20 percent of its servers
The plan will see one in five Alibaba Cloud servers using their own Arm core chips by 2025.
Alibaba made a splash this week at its Aspara conference. According to a report in The Register, The company has declared that 20 percent of their cloud servers will be running on 'homegrown' Yitian 710 A... Read more
Alibaba Cloud unveils Wuying Cloudbook and new serverless services
The China-based cloud provider launched the new offerings at its Aspara Conference.
Alibaba Cloud introduced new products and services destined to support its move to make cloud computing more like a utility. ``````
Speakers at the Aspara Conference said that future customers will pay as the... Read more
Alibaba Cloud invests $1 billion to expand global footprint
Chinese cloud provider Alibaba Cloud boosts growth and expansion by investing $1 billion to increase overseas reach.
Alibaba Cloud is one of the world's largest public cloud providers and operates in various countries. The company enjoyed a 9.5 percent market share in 2021 and competes with nota... Read more
Alibaba launches RISC-V chip development platform
The platform aims to help developers build System-on-Chips (SoCs) to support edge applications.
Chinese tech giant Alibaba released a development platform to help engineers build high-performance and silicon-based SoCs on the RISC-V open architecture, according to The Register. Alibaba said the ... Read more
‘US investigates Alibaba Cloud as a potential national security risk’
Reuters reports that the US government is investigating Alibaba to determine whether the organization poses a national security risk.
According to three people briefed on the matter, the Biden administration is investigating Alibaba to determine whether the Chinese government has access to Ameri... Read more
Alibaba Cloud develops its own server chipset
Cloud giant Alibaba Cloud has recently developed the Yitan 710 server processor for its server portfolio. Among other things, Yitan 710 servers are to be used for general-purpose tasks and AI calculations. Additionally, Alibaba Cloud went open source with an existing RISC-V-based CPU.
Chinese pu... Read more
Alibaba now in 4th place ahead of IBM in cloud infrastructure
Alibaba made its foray into the cloud infrastructure market in 2015, with ambitions to become one of the biggest. Now, the company announced that it had quarterly revenue of $2.194 billion. That number shows it has surpassed IBM, which had about $1.65 billion in revenue.
$2 billion is a large fi... Read more
Alibaba unveils its Cloud 2.0 iteration and its first cloud computer
Alibaba unveiled the next version of its cloud computing platform. Jeff Zhang, the CTO of Alibaba Group, introduced the 2.0 version and said that they aim to make cloud technology available to all who need it.
Zhang's exciting comments about the Alibaba Cloud 2.0 also promised that operations w... Read more