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Alibaba Cloud supported 38 percent of Fortune 500 companies

Alibaba Cloud supported 38 percent of Fortune 500 companies

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Alibaba Cloud said today it has supported 38 percent of the Fortune 500 companies over the past fiscal year.

With this milestone, the cloud service provider plans to accelerate its globalization strategy, aiming to become the world’s leading digital intelligence backbone in three years.

Jeff Zhang, president of Alibaba Cloud Intelligence, at the Alibaba Cloud Summit 2020 event

“We are extremely confident in the future of the global digital economy, especially with the digitalization of healthcare, business, education, leisure and other parts of our lives during the pandemic. As the largest cloud service provider in the Asia Pacific region, we will continue increasing investments in the next three years to strengthen our infrastructure, our solutions and our role in the wider technology ecosystem towards being the trusted partner of choice not just in Asia Pacific, but for the global digital economy by 2023,” said Jeff Zhang, president of Alibaba Cloud Intelligence, at the Alibaba Cloud Summit 2020 event, held virtually.

To date, Alibaba Cloud operates 63 availability zones in 21 regions around the world, supporting the needs of businesses in over 200 countries and territories. As the first step of the recent investment plan, Alibaba Cloud will open its third data center and the first data-scrubbing center in Indonesia next year.

Beyond a US $283 million initiative to accelerate joint-innovation projects with partners during this fiscal year, Alibaba Cloud also plans to elevate its successful China Gateway strategy to serve as the global gateway for international businesses into Asia. The program upgrade will help multinational companies build the overall IT foundation capabilities and optimize enterprise networks through Alibaba Cloud’s one-stop intelligence platform.

Other products, solutions and services rolled out at the event were: the 7th Generation of Elastic Compute Service (ECS) high-frequency product, the new ApsaraDB for PolarDB, AnalyticsDB (ADB) and Data Lake Analytics (DLA), Hologres, Smart Access Gateway (SAG), ARMS Prometheus Service and EDAS 3.0

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