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Alibaba Cloud launches third data center in Malaysia, plans second in Philippines
Alibaba Cloud is continuing its global rollout of data centers, announcing the launch of a third site in Malaysia. The Chinese cloud company also revealed that it will launch a second data center in the Philippines in October this year.
Alibaba Cloud expands AI footprint in Asia with new data centres in Malaysia, Philippines
Alibaba Cloud, the cloud computing services and artificial intelligence (AI) arm of Alibaba Group Holding, unveiled plans to launch new data centres in Malaysia and the Philippines, as it expands infrastructure investments to meet the growing demand for AI in the region.
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, plans to invest more than $60 million before the end of this fiscal year in March to capture AI innovation.
Alibaba's stock surged 28% YTD, driven by its e-commerce, cloud, AI, and expansion plans. It is also a tech barometer of China amid US tensions.
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