Alibaba to pump £22bn into cloud after COVID-19 tech surge

Marian McHugh
clock • 1 min read

The money will fund the development of operating systems, semiconductors and building new datacentres

Chinese tech giant Alibaba has revealed plans to invest 200 billion yuan (£22bn) into its cloud arm over the next three years following a coronavirus-fuelled boom in demand for its services. The...

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