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
Microsoft’s licensing changes spur attacks from Amazon and Google
The revised Microsoft Cloud licensing terms inhibit competition, the company's rivals say.
Amazon and Google sharply criticized Microsoft's cloud computing changes on Tuesday, according to a report in Reuters. The two rival cloud providers say Microsoft's new terms limit competition and discoura... Read more
Alibaba founder Jack Ma will cede control of Ant Group
The move aims to keep Ma from being targeted by the government in Beijing.
In a filing this week, Alibaba announced that Ma “intends to reduce and thereafter limit his direct and indirect economic interest in Ant Group over time” to a percentage that does not exceed 8.8 percent. Ma currently... 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 is making a cloud OS for multiple chip architectures
Alibaba Cloud, the fourth largest global cloud service, announced that its Apsara operating system compatible with multiple chip processors like ARM, RISC-V, and x86.
The shift from chip servers to cloud technologies
Intel and ARM largely control the global chip market – Intel's x86 dominat... Read more
China forces large overhaul in company behind Alipay
The Central Bank of China has ordered the Ant Group to make substantial changes to its policy. The company, which manages the Alipay payment platform, is said to violate financial regulations.
Regulatory authorities require Ant to change its business practices to stop breaking the rules, Reuters... 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
Trump considers banning more Chinese technology
The U.S. president, Donald Trump, already banned Huawei and TikTokand is now looking at restrictions or bans for other Chinese companies. Trump acknowledged this during a press conference.
TikTok has been given 90 days by Trump to divest the American branch before a complete ban on the app can b... Read more