Alibaba’s cloud spinoff to take on US com­pe­ti­tion

China Daily (Canada) - - NEWS CAPSULE -

Alibaba Group Hold­ing Ltd will ex­tend its cloud-com­put­ing ser­vices to over­seas mar­kets in March to grab a share of the pub­lic cloud arena from archri­vals such as Ama­ Inc and Mi­crosoft Corp.

Aliyun, Alibaba’s spinoff cloud-com­put­ing di­vi­sion, is sched­uled to set up data cen­ters out­side China to pro­vide cloud­com­put­ing ser­vices to lo­cal en­ter­prises and Chi­nese com­pa­nies’ over­seas op­er­a­tions, the com­pany an­nounced.

By build­ing plat­forms for com­pa­nies to man­age and store data in the cloud, Aliyun will be­come the first Chi­nese com­pany to reach out to the for­eign pub­lic cloud seg­ment. The move comes days af­ter its US coun­ter­part Ama­zon an­nounced the launch of a sim­i­lar ser­vice in China.

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