Alibaba invests $1b for cloud investment across APAC | Retail Asia
,China
30 views

Alibaba invests $1b for cloud investment across APAC

It will launch data centres in the Philippines and Indonesia.

Alibaba Group’s cloud operator pledged to invest an initial $1b aiming to support talent and start-ups across the Asia Pacific region over the next three years, the company announced in a press release. The investment is the largest by Alibaba Group in its current financial year.

It also said it would launch its first data center in the Philippines by the end of this year, build an innovation center in Malaysia, and unveil its third data center in Indonesia.

“Low latency is critical across Southeast Asia where the digital infrastructure is nascent, but where policymakers are keen to see greater economic and financial inclusion that internet connections offer their citizens,” the company said.
 

Get Retail Asia in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

55% of consumers are frustrated with long log-in and sign up forms.
The platform can issue authenticity certificates with a team of watch appraisers.
It is rolling out a series of promotions including an instant win game.
Some are introducing, expanding, or shortening their quick delivery services.
The flagship store will be open by the spring of 2022.
The store will bring over 800 brands, including those in the electronics sector.
One store caters to travellers, whilst the other is available only to airport staff.
Department stores in the capital have recently become hotbeds of infection.
Winners were awarded via digital award presentations on 12-16 July.
More shoppers are influenced by amusing, short videos when it comes to trying out new products.
Real household spending will continue to fall below pre-pandemic levels in the coming years.
Contrary to the popular stereotype, Singaporean men are more price-conscious than Singaporean women.
Singapore undergraduate teams will compete for $8,000 and an internship with Lazada.
Chain operators are especially expected to grow at a higher rate.