$1 Billion: How Much Alibaba Will Invest In Cloud Computing
Grazed from TechTimes. Author: Alexandra Burlacu.
China’s Alibaba is planning to invest a massive $1 billion into its Aliyun cloud computing business in the next three years. With this notable investment, Alibaba’s Aliyun is gunning for Amazon and its Web Services division, heating up the competition between the two e-commerce companies.
Analysts estimate the global cloud computing market is worth roughly $20 billion, and Alibaba wants a bigger piece of the pie. The company announced that its investment will help set up new data centers for Aliyun in various regions across the globe, including Singapore, the Middle East, Europe and Japan. Moreover, the company also intends to sign business deals with enterprise technology and telecom providers in those markets…


If the average 5-year-old isn’t ready for school yet and can barely count up to 20,, given its explosive growth what’s next for OpenStack? As the community around the world blew out candles to mark that half-decade milestone, pundits and contributors wondered what’s in store. Here are our favorite crystal ball pieces of the week…