After $25B IPO, US Cloud Infrastructure Players Best Pay Attention to Alibaba
September 23, 2014
Grazed from TechCrunch. Author: Ron Miller.
Amazon Web Services better watch its back. And while we’re at it, let’s issue a warning to Microsoft and Google and just about any cloud service you can think of, because there is a new player in town and they have a lot going for them including being based in China and oh, getting a record-setting IPO last Friday that resulted in raising a whopping $25B.
That kind of money gives you some serious clout, and let’s face it even before the IPO, Alibaba was beginning to flex its considerable muscles. We already know Alibaba is a big player in Chinese online shopping and we know it has set its sights on cloud computing. Just recently it opened up its fifth data center, this one in Shenzhen. Heck, it’s even got its fingers in banking. With $25B in additional funds, it can do just about whatever it wants…
For the sake of argument, let’s concentrate on cloud computing, especially the infrastructure as a service market. Up until now Alibaba has been big in China, which is not to be minimized of course. China, as we know, is a huge market, one every US vendor salivates for because even a small piece adds up to some serious revenue…
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