Alibaba Cloud announces a 55% price reduction
1 year, 1 month ago

Alibaba Cloud announces a 55% price reduction

China Daily  

Liu Weiguang, president of public cloud business at Alibaba Cloud Intelligence. Alibaba Cloud, the cloud computing unit of Chinese heavyweight Alibaba Group Holding Ltd, announced on Thursday a price reduction of up to 55 percent on more than 100 core cloud products, marking the biggest price cut in the company's history. This move aims to make public cloud services more inclusive and accessible in the era of artificial intelligence, and speed up the popularization of cloud computing in all walks of life, the company said. That's why we decided to launch the price reduction campaign to lower the threshold of cloud services for more enterprises and developers to reap the technological dividends and accelerate the adoption of advanced public cloud services across various industries in China," said Liu Weiguang, president of public cloud business at Alibaba Cloud Intelligence. Liu said with the rapidly increasing amount of data in China, businesses will need robust, high-performance and cost-effective computing power to help handle and analyze their massive amounts of data, adding Alibaba Cloud aims to become the most open cloud and help customers to turn AI into productivity.

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History of this topic

China's Alibaba to invest $50 bn in AI, cloud computing
1 month ago

China's Alibaba to invest $50 bn in AI, cloud computing

New Indian Express  

BEIJING: Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping. Investors have piled into Chinese technology stocks since the start of the year, with Alibaba -- which runs some of the country's biggest …

How price cuts will push firms to embrace AI, digitalization
8 months, 4 weeks ago

How price cuts will push firms to embrace AI, digitalization

China Daily  

Alibaba Cloud, the cloud computing unit of Alibaba Group, announces a price reduction of 97 percent on its Qwen-Long large language model. Major LLM products recently saw steep price cuts announced by Chinese tech majors. Wang said the substantial LLM price reductions will not only lower the threshold for enterprises to adopt AI technology, but also promote their digital transformation, …

How price cuts will push firms to embrace AI, digitalization
8 months, 4 weeks ago

How price cuts will push firms to embrace AI, digitalization

China Daily  

Alibaba Cloud, the cloud computing unit of Alibaba Group, announces a price reduction of 97 percent on its Qwen-Long large language model. Major LLM products recently saw steep price cuts announced by Chinese tech majors. Wang said the substantial LLM price reductions will not only lower the threshold for enterprises to adopt AI technology, but also promote their digital transformation, …

Alibaba sees its Jan-March revenue up 7%
10 months, 2 weeks ago

Alibaba sees its Jan-March revenue up 7%

China Daily  

The headquarters of e-commerce giant Alibaba Group in Hangzhou, East China's Zhejiang province. Chinese tech heavyweight Alibaba Group Holding Ltd reported on Tuesday night that its revenue stood at 221.87 billion yuan during the January-March period, an increase of 7 percent year-on-year, while its net income reached 3.27 billion yuan, down 86 percent year-on-year. For the quarter ending on March …

Alibaba Cloud unveils latest version of LLM
10 months, 2 weeks ago

Alibaba Cloud unveils latest version of LLM

China Daily  

Alibaba Cloud unveiled the latest version of its large language model, Tongyi Qianwen 2.5. Alibaba Cloud, the cloud computing unit of Chinese tech heavyweight Alibaba Group Holding Ltd, has unveiled the latest version of its large language model, Tongyi Qianwen 2.5, saying its capabilities have surpassed those of US company OpenAI's most advanced GPT-4 Turbo model. The newly released Tongyi …

Cloud service providers gaze abroad with excitement
1 year ago

Cloud service providers gaze abroad with excitement

China Daily  

A visitor checks out the large language model developed by Alibaba Cloud during a digital trade expo in Hangzhou, Zhejiang province, in November. Alibaba Cloud, the cloud computing arm of Chinese tech heavyweight Alibaba Group Holding Ltd, recently unveiled a series of AI computing and big data solutions aimed at overseas markets, as part of its broader drive to meet …

Alibaba price cuts heat up cloud space
1 year ago

Alibaba price cuts heat up cloud space

China Daily  

A view of the booth of Alibaba Cloud during an expo in Shanghai. Experts said Alibaba Cloud's price cuts underscore its commitment to fueling the adoption of AI technologies and supporting the quickly evolving landscape. This round of significant price cuts by Alibaba Cloud is a proactive response to the changing market demands and competitive dynamics in the Chinese market, …

Alibaba initiates $25 billion share buyback after revenue upset market but fails to impress investors
1 year, 1 month ago

Alibaba initiates $25 billion share buyback after revenue upset market but fails to impress investors

Hindustan Times  

Alibaba has announced a $25 billion share buyback program after it failed to meet market expectations for revenue in the December quarter. Alibaba earnings report from fiscal third quarter Alibaba's financial results for the December quarter revealed a revenue of 260.35 billion Chinese yuan, slightly below the expected 262.07 billion yuan. The December quarter also saw Alibaba's net income drop …

Alibaba's U-turn on cloud unit spin-off lops $20 bln off its market value
1 year, 4 months ago

Alibaba's U-turn on cloud unit spin-off lops $20 bln off its market value

The Hindu  

Alibaba Group's Hong Kong shares slumped 10% on Friday after it scrapped plans to spin off its cloud business, citing uncertainties fuelled by U.S. curbs on exports to China of semiconductors used in artificial intelligence applications. Alibaba's concerns over the U.S. export curbs announced by Washington in October come on the heels of similar worries raised this week by Chinese …

Chinese tech giant Alibaba shares dive more than 7 per cent after cloud service called off
1 year, 4 months ago

Chinese tech giant Alibaba shares dive more than 7 per cent after cloud service called off

New Indian Express  

Shares in Chinese e-commerce titan Alibaba tanked more than seven percent at the Hong Kong open Friday after the firm's surprise decision to call off part of its high-profile restructuring because of the US-China chip war. In a move that shocked investors, the Hangzhou-based tech giant said on Thursday that US curbs on exports of advanced chips had forced it …

Alibaba shares plunge as much as 10% after canceling plans to spin off cloud unit
1 year, 4 months ago

Alibaba shares plunge as much as 10% after canceling plans to spin off cloud unit

Associated Press  

HONG KONG — Shares of Chinese e-commerce firm Alibaba Group Holding plunged as much as 10% in New York after it said Thursday that plans to spin off its cloud business were scrapped, citing uncertainties due to U.S. chip restrictions. Alibaba Chairman Joe Tsai said Thursday during an earnings call that a spinoff of its cloud unit “may not achieve …

Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs
1 year, 4 months ago

Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs

Live Mint  

SINGAPORE—Washington’s latest curbs on the export of high-performance chips to China are beginning to bite. The restrictions “may materially and adversely affect" the cloud business’s ability to offer products and services and to perform under existing contracts, Alibaba said, adding that it would focus on the division’s growth. Tencent had stockpiled chips including Nvidia’s H800—developed especially for the Chinese market …

Alibaba CEO Daniel Zhang steps down just two months after taking charge of cloud business
1 year, 6 months ago

Alibaba CEO Daniel Zhang steps down just two months after taking charge of cloud business

Firstpost  

Chinese tech giant Alibaba Group announced on Sunday that Daniel Zhang would step down from his role in the company’s cloud business. Zhang took charge of the company just two months ago, when he took over from Jack Ma In an unexpected move, China’s Alibaba Group announced on Sunday that Daniel Zhang would step down from his role in the …

Former CEO of China’s Alibaba quits cloud business in surprise move during its leadership reshuffle
1 year, 6 months ago

Former CEO of China’s Alibaba quits cloud business in surprise move during its leadership reshuffle

Associated Press  

HONG KONG — The former CEO of Alibaba, Daniel Zhang, resigned as head of its cloud computing unit Monday in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle. In a filing to the Hong Kong stock exchange, Alibaba said that Eddie Wu, its new CEO, will also head its cloud unit. Wu and Alibaba’s new …

Former CEO of China's Alibaba quits cloud business in surprise move during its leadership reshuffle
1 year, 6 months ago

Former CEO of China's Alibaba quits cloud business in surprise move during its leadership reshuffle

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The former CEO of Alibaba, …

China’s Alibaba sees shares tumble as outgoing CEO quits cloud business
1 year, 6 months ago

China’s Alibaba sees shares tumble as outgoing CEO quits cloud business

Al Jazeera  

Announcement that Daniel Zhang will not continue to lead cloud business takes markets by surprise. China’s tech giant Alibaba has announced that its outgoing chief executive will also step down from its cloud business, sending the company’s shares tumbling. Alibaba shares on Monday fell by 3.5 percent following the surprise announcement that CEO Daniel Zhang would not stay on to …

Once a reliable cash cow, Amazon’s cloud business slows as companies pull back on service
1 year, 9 months ago

Once a reliable cash cow, Amazon’s cloud business slows as companies pull back on service

Associated Press  

NEW YORK — When the pandemic hit three years ago, Amazon was one of the few businesses that thrived. But even when those lockdowns eventually lifted and Amazon’s sales slowed as people returned to stores, the company could still count on its massive cash cow: Amazon Web Services. Google and Microsoft, which offer competing cloud businesses, posted strong showings in …

Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public
1 year, 10 months ago

Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public

Associated Press  

HONG KONG — Alibaba plans to spin-off of its cloud computing business and said Thursday that its logistics and grocery units will explore initial public offerings as the Chinese e-commerce company kickstarts a restructuring of its operations in hopes of spurring growth. In an earnings call Thursday, Alibaba CEO Daniel Zhang said that the Alibaba plans to fully spin off …

Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public
1 year, 10 months ago

Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Alibaba plans to spin-off of …

Alibaba to split into six units, explore IPOs
2 years ago

Alibaba to split into six units, explore IPOs

The Hindu  

Alibaba Group Holding Ltd is planning to split its business into six main units covering e-commerce, media and the cloud, the company said on March 28, adding that each of the units will explore fundraising or initial public offerings. The six units will include Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital …

Alibaba plans to split its business into six units, explore IPOs
2 years ago

Alibaba plans to split its business into six units, explore IPOs

Live Mint  

Alibaba Group Holding Ltd on Tuesday said that it is planning to split its business into six main units covering e-commerce, media and the cloud,, adding that each of the units will explore fundraising or initial public offerings, reported Reuters. The six units will include Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global …

Global spending on cloud jumps 33%, report says
2 years, 7 months ago

Global spending on cloud jumps 33%, report says

The Hindu  

Global spending on cloud services surged in the June-ending quarter, report said. Research firm Canalys estimated that worldwide spending on cloud services in the June-ending quarter this year reached $62.3 billion, rising 33% from the same duration in the previous year. “Most companies have gone beyond the initial step of moving a portion of their workloads to the cloud and …

Western regions to gain computing power
3 years ago

Western regions to gain computing power

China Daily  

The MIIT reported that China's big data sector grew rapidly over the past five years, with the scale exceeding 1 trillion yuan by 2020. "The establishment of national computing hubs will improve efficiency in the use of computing resources, promote the free flow of data and bolster the high-quality development of digital economy," said Xiang, adding that Chinese high-tech companies …

U.S. examining Alibaba's cloud unit for national security risks
3 years, 2 months ago

U.S. examining Alibaba's cloud unit for national security risks

The Hindu  

The Biden administration is reviewing e-commerce giant Alibaba's cloud business to determine whether it poses a risk to U.S. national security, according to three people briefed on the matter, as the government ramps up scrutiny of Chinese technology companies' dealings with U.S. firms. Alibaba's U.S. cloud business is small, with annual revenue of less than an estimated $50 million, according …

Alibaba's Cloud Business Being Reviewed in US for National Security Risks
3 years, 2 months ago

Alibaba's Cloud Business Being Reviewed in US for National Security Risks

News 18  

The Biden administration is reviewing e-commerce giant Alibaba’s cloud business to determine whether it poses a risk to US national security, according to three people briefed on the matter, as the government ramps up scrutiny of Chinese technology companies’ dealings with U.S. firms. Alibaba’s US cloud business is small, with annual revenue of less than an estimated $50 million, according …

Alibaba’s sales surge but cloud growth slows
3 years, 10 months ago

Alibaba’s sales surge but cloud growth slows

CNN  

New York CNN Business — Alibaba has reported earnings for the first time since China imposed a record fine on the tech giant — and the numbers were not as awful as some feared. The fine was reached after antitrust regulators concluded that the online shopping giant had been behaving like a monopoly, and was equivalent to 4% of Alibaba’s …

Alibaba beats estimates as pandemic fuels online, cloud computing demand
4 years, 7 months ago

Alibaba beats estimates as pandemic fuels online, cloud computing demand

Live Mint  

China's Alibaba Group Holding Ltd beat quarterly revenue and profit estimates on Thursday, as its core commerce and cloud computing businesses continued to grow following China's emergence from the coronavirus lockdown. The company's stock has soared 23% this year as investors globally poured money into technology businesses seen as "stay-at-home" winners from the pandemic, and Alibaba said it had bounced …

Alibaba Cloud partners India-based ZNet to boost sales
5 years, 3 months ago

Alibaba Cloud partners India-based ZNet to boost sales

The Quint  

Mumbai, Dec 12 Alibaba Cloud on Thursday announced a distribution partnership with ZNet Technologies Private Limited, India's leading cloud distributor offering cloud infrastructure and managed services. ZNet will help customers align with Alibaba Cloud products and solutions, which include Infrastructure as a Service, Content Delivery Network, Video on demand, SMS, Big Data, Mail services and more. "Our partnership with ZNet …

Alibaba and the intelligent chip: China’s push for self-reliance
5 years, 6 months ago

Alibaba and the intelligent chip: China’s push for self-reliance

Al Jazeera  

Alibaba’s says its new chips are to be used within the company, with no immediate plans to sell it commercially. Chinese e-commerce giant Alibaba Group said on Wednesday it has developed a new chip that specialises in machine-learning tasks and which will be used to enhance services for its cloud computing division. Alibaba’s foray into the chip sector comes amid …

Alibaba launches new service
6 years, 2 months ago

Alibaba launches new service

China Daily  

By He Wei in Shanghai | chinadaily.com.cn | Updated: 2019-01-11 15:19 View of a logo of Chinese e-commerce giant Alibaba Group at Yunqi Cloud Town in Hangzhou, East China's Zhejiang province, Nov 24, 2018. The service, called A100, uses Alibaba's multiple platforms and functions, including online to offline channels, mobile payment, big data analysis and IT infrastructure, to help international …

Alibaba announces cloud computing unit upgrade, Tmall restructuring
6 years, 4 months ago

Alibaba announces cloud computing unit upgrade, Tmall restructuring

China Daily  

View of a logo of Chinese e-commerce giant Alibaba Group at Yunqi Cloud Town in Hangzhou, East China's Zhejiang province, Nov 24, 2018. E-commerce juggernaut Alibaba Group announced on Monday the upgrading of its cloud computing unit and the restructuring of its iconic Tmall e-commerce segment, indicating the pair's surging importance in the company's strategic layout. The renamed Alibaba Cloud …

Global companies are venting their frustrations over China
7 years, 11 months ago

Global companies are venting their frustrations over China

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. They wrote that current and draft regulations would force …

China’s Huawei targets Amazon, Alibaba in public cloud service push
7 years, 11 months ago

China’s Huawei targets Amazon, Alibaba in public cloud service push

Live Mint  

Hong Kong: Chinese telecoms equipment and smartphone maker Huawei Technologies Co. Ltd on Tuesday said it aims to compete with Amazon.com Inc and Alibaba Group Holding Ltd as a global provider of public cloud services. “Now the purpose is to strengthen our public cloud offering.” Public cloud services involve shared data infrastructure, rather than dedicated infrastructure built for single customers. …

Alibaba sales and earnings buck the economic trend
8 years, 4 months ago

Alibaba sales and earnings buck the economic trend

China Daily  

Company's fledgling cloud computing unit is star performer Alibaba Group Holding Ltd showed once again that a slowing Chinese economy isn't holding it back. The country's largest operator of internet shopping malls posted sales and earnings that beat analyst estimates as revenue easily outstripped economic growth. Moreover, Alibaba's fledgling cloud computing business more than doubled sales and almost broke even, …

Alibaba sales and earnings buck the economic trend
8 years, 4 months ago

Alibaba sales and earnings buck the economic trend

China Daily  

Company's fledgling cloud computing unit is star performer Alibaba Group Holding Ltd showed once again that a slowing Chinese economy isn't holding it back. The country's largest operator of internet shopping malls posted sales and earnings that beat analyst estimates as revenue easily outstripped economic growth. Moreover, Alibaba's fledgling cloud computing business more than doubled sales and almost broke even, …

Alibaba opens its first self-built data center
8 years, 6 months ago

Alibaba opens its first self-built data center

China Daily  

An engineer examines equipments at Alibaba's data center in Zhangbei county, Hebei province, Sept 11, 2016. E-commerce giant Alibaba Group Holding Ltd launched on Monday its very first self-designed, self-built data centers in Hebei province, beefing up its cloud computing capability to better serve online shoppers and entrepreneurs in northern China. The two newly launched data centers in Zhangbei county …

Alibaba opens its first self-built data center
8 years, 6 months ago

Alibaba opens its first self-built data center

China Daily  

E-commerce giant Alibaba Group Holding Ltd launched on Monday its very first self-designed, self-built data centers in Hebei province, beefing up its cloud computing capability to better serve online shoppers and entrepreneurs in northern China. The two newly launched data centers in Zhangbei county in Zhangjiakou are expected to become Alibaba's key computing infrastructure in northern China, providing services to …

Alibaba, SoftBank to provide cloud computing service to Japanese customers
8 years, 10 months ago

Alibaba, SoftBank to provide cloud computing service to Japanese customers

China Daily  

SoftBank Corp Chief Executive Masayoshi Son is hugged by Jack Ma, founder and executive chair of Alibaba Group Holding, during the SoftBank World 2014 event in Tokyo. Alibaba Group Holding Ltd has teamed with its largest shareholder SoftBank Group Corp to form a cloud computing service venture targeting Japanese customers, as the Chinese e-commerce giant expands one of its fastest …

Alibaba teams with Nvidia in $1 billion bet on cloud computing
9 years, 2 months ago

Alibaba teams with Nvidia in $1 billion bet on cloud computing

Live Mint  

Shanghai/Hong Kong: Alibaba Group Holding Ltd. will work with Nvidia Corp. on cloud computing and artificial intelligence, and plans to enlist about 1,000 developers to work on its big-data platform during the next three years. The push into of cloud computing, where software and services are provided to customers via remote data centers the size of American football fields, prompted …

Cloud carrier promises rich pickings for IT firms
9 years, 3 months ago

Cloud carrier promises rich pickings for IT firms

China Daily  

China's market for enterprise IT is huge, but the share that goes to cloud computing is still comparatively small. Sales of cloud computing hardware and services amounted to about $4 billion in 2014, about 5 percent of China's total IT market. We expect China's spending on the cloud to grow much faster than its overall IT spending, reaching as much …

Cloud carrier promises rich pickings for IT firms
9 years, 3 months ago

Cloud carrier promises rich pickings for IT firms

China Daily  

China's market for enterprise IT is huge, but the share that goes to cloud computing is still comparatively small. Sales of cloud computing hardware and services amounted to about $4 billion in 2014, about 5 percent of China's total IT market. We expect China's spending on the cloud to grow much faster than its overall IT spending, reaching as much …

Alibaba cloud unit sets sights on Amazon in $1 billion global push
9 years, 8 months ago

Alibaba cloud unit sets sights on Amazon in $1 billion global push

China Daily  

The logo of Aliyun, Alibaba Group Holding Ltd's cloud computing arm, in Beijing. China's Alibaba Group Holding Ltd said on Wednesday it would invest $1 billion into its Aliyun cloud computing arm to challenge Amazon.com Inc's lucrative Web Services division, opening a global front in the battle between the two e-commerce giants. Simon Hu, the president of Aliyun and former …

Amazon’s $5 billion cloud saga: What’s in it for India
9 years, 10 months ago

Amazon’s $5 billion cloud saga: What’s in it for India

Firstpost  

“India is a very heavy base of SMBs and startups. With over 1 million business customers, including biggies like General Electric, News Crop., Kelloggs, etc, AWS’ blockbuster numbers make it “ larger than its four main competitors combined in the cloud infrastructure service market,” according to Synergy Research Group. “Across the full and varied spectrum of cloud activities there are …

Alibaba Is Now Competing on Amazon's Home Turf in the Cloud
10 years ago

Alibaba Is Now Competing on Amazon's Home Turf in the Cloud

Wired  

Chinese online shopping giant Alibaba may not be competing with Amazon for Americans' retail dollars just yet. In its stateside expansion, Alibaba says it first plans to target Chinese enterprises based in the US but says it will offer cloud services to international clients by the second half of 2015. Aliyun, like its popular US counterpart, Amazon Web Services, provides …

Amazon's New Cloud Prices Show That Google Is Now a Threat
10 years, 3 months ago

Amazon's New Cloud Prices Show That Google Is Now a Threat

Wired  

Amazon just changed the way that it charges for some of its cloud computing services. Amazon has long dominated the market for cloud computing---services that let coders and business run software without setting up their own hardware---but this week's announcement looked like a direct response to a pretty serious threat from Google. Both Google and Amazon hand out discounts to …

Cloud computing brings high-tech revenue to western region
10 years, 11 months ago

Cloud computing brings high-tech revenue to western region

China Daily  

Two cloud computing bases were set up in Ningxia Hui autonomous region on Monday in cooperation with leading Web service operators worldwide to tap into the city's geology, climate and energy advantages. West Cloud Valley has contracted with Amazon Web Service and will host 200,000 servers for cloud computing, said Li Jiang, director general of the base. "We are very …

Alibaba spinoff moves further into the cloud[1]
11 years, 3 months ago

Alibaba spinoff moves further into the cloud[1]

China Daily  

By He Wei in Shanghai A division of the e-commerce giant readies to take on US competition E-commerce conglomerate Alibaba Group Holding Ltd will extend its cloud-computing services to overseas markets in March, as it attempts to grab a share of the public cloud arena from archrivals such as Amazon.com Inc and Microsoft Corp. Aliyun, Alibaba's spinoff cloud-computing division, is …

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