Alibaba Cloud to invest $28 billion to strengthen its cloud infrastructure

Alibaba Cloud announced that the company is looking to invest additional approximately $28 billion in coming next three years to strengthen its cloud infrastructure, as well as work on developing technologies.

In a statement company claimed that it is committed to offering enhanced Cloud services to its clients across the globe, aiming to help businesses in different sectors to speed up their digital transformation after the pandemic.

“The Covid-19 pandemic has posed additional stress on the overall economy across sectors, but it also steers us to put more focus on the digital economy,” said Jeff Zhang, President of Alibaba Cloud Intelligence.

“By increasing our investment on cloud infrastructure and fundamental technologies, we hope to continue providing world-class, trusted computing resources to help businesses speed up the recovery process, and offer cloud-based intelligent solutions to support their digital transformation in the post-pandemic world,” Zhang added.