News Updates

News Updates

Alibaba Accelerates Global Cloud Expansion to Back Chinese Firms Abroad

Alibaba Group CEO Eddie Wu has reaffirmed the company’s commitment to building a unified global cloud network, aimed at delivering consistent AI infrastructure and services to Chinese enterprises expanding internationally.

Speaking at a corporate event on Thursday, Wu said Alibaba Cloud will deepen its presence in Asia, the Middle East, Europe, and the Americas, as part of a broader strategy to support cross-border growth for Chinese companies. “Global expansion is no longer optional—it’s inevitable,” Wu stated.

Alibaba Cloud currently operates 87 availability zones across 29 regions and offers nearly 400 cloud and AI products. Already the largest cloud provider in the Asia-Pacific, the company is stepping up global competition with Amazon Web Services, Microsoft Azure, and Google Cloud.

Recent milestones include the opening of new data centers in Mexico and Thailand, with additional launches planned in Malaysia and the Philippines. This follows Alibaba’s ¥380 billion (US$52.7 billion) investment plan to bolster AI and cloud infrastructure.

Wu also highlighted the growth of the open-source Qwen AI model family, which has generated over 100,000 derivative models. Alibaba aims to grow its cloud partner ecosystem through its Rainforest Plan, targeting 100 global partnerships in 2025.

With 18% revenue growth in its cloud and AI segment last quarter—the strongest since 2022—Alibaba is positioning itself as a key player in the global AI infrastructure race.

23May
News Updates

BYD Surpasses Tesla in European EV Sales for the First Time Amid Soaring Demand

Chinese automaker BYD has edged past Tesla to become Europe’s top-selling battery electric vehicle (BEV) brand in April, marking a milestone moment in the increasingly competitive EV market across the...

23May
News Updates

Apple Targets 2026 Launch for Smart Glasses in Bid to Catch Up in AI Hardware Race

Apple is preparing to enter the AI-powered wearables arena with the release of its first smart glasses by the end of 2026, positioning itself to compete directly with Meta and OpenAI in a rapidly evolving...

26May
News Updates

Hong Kong Poised for IPO Surge as Global Investors Shift Focus, Says JPMorgan

JPMorgan Chase predicts a significant increase in initial public offerings (IPOs) on the Hong Kong stock exchange in the coming months, as international investors look to capitalize on strong market...

26May
News Updates

Malaysia Hosts ASEAN Talks Amid Tariff Threats and Regional Turmoil

Leaders from the Association of Southeast Asian Nations (ASEAN) convened in Malaysia on Monday for a high-stakes summit, with discussions dominated by escalating trade concerns and the ongoing turmoil in...