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Investors - AUGUST 5, 2020

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Alibaba Cloud grows hyperscale portfolio in China

by Kali Persall

Chinese cloud computing company Alibaba Cloud has expanded its portfolio of hyperscale data centers in China to five, Data Center News reported today.

The new data centers are located in Hangzhou, Nantong (in the Jiangsu Province), and Ulanqab (in Inner Mongolia).

“Moving forward, Alibaba Cloud is planning to build at least 10 more hyperscale data centers in China during the coming years,” stated the company. “This underpins its ambitions to provide trusting computing resources, as well as intelligent industrial solutions, to support the digital shift among businesses in the post-pandemic world.”

Alibaba Cloud ranks first among cloud service providers in Asia Pacific and is the number one cloud computing service provider in China, according to IDC.

The company is planning to invest 200 billion yuan ($28 billion) in cloud infrastructure over the next three years to help global clients with their digital transformation needs.

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