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Business & Finance

Alibaba to invest $28 billion in cloud computing after demand rise amid COVID-19

The plan comes as the coronavirus pandemic has increased demand for cloud services and data centres. SHA
Published April 20, 2020 Updated April 20, 2020 08:00am
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  • The plan comes as the coronavirus pandemic has increased demand for cloud services and data centres.

SHANGHAI:  China’s Alibaba Group Holding Ltd will invest 200 billion yuan ($28.27 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.

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