Alibaba
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Alibaba says it will invest US$1 billion in Turkey for a logistics hub at Istanbul’s airport and a data centre near the Turkish capital of Ankara. -
Five hyperscalers make up the world’s five most valuable brands, according to the latest brand-value survey, and two others are also in the top 10.
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stc Group and Alibaba Group have established Alibaba Cloud in Riyadh, Kingdom of Saudi Arabia, with an initial capital investment of $238.3 million (SAR 894 million).
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Alibaba’s revenue grew 64% year-over-year in the first quarter of 2021 to the equivalent of US$28.6 billion, but the company made a loss of $1.1 billion because of a fine by China’s market regulator.
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Separate reports today by Canalys and Synergy Research Group show that spending on cloud infrastructure is going up by about 35% a year to US$40 billion in the first quarter of 2021.
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China’s spending on cloud infrastructure has grown 62% year-on-year to reach $5.8 billion in the fourth quarter of 2020, with three companies having almost three-quarters of the business.
Forthcoming events
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Outgoing US president Donald Trump has taken action to ban the use in the country of Chinese e-commerce services including Alipay and WeChat.
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According to Q2 figures from Synergy Research Group Amazon Web Services (AWS) and Alibaba are leading the in Asia-Pacific (APAC) cloud market.
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The fortunes of Chinese start-ups looking to list on US stock exchanges could be about to sour as the Senate and Nasdaq both introduced new rules over the last 48 hours.
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There were 2,416,135 cases of people infected with Covid-19 and 165,939 dead, as of 20 April, 12:35 (BST).
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Chinese cloud providers are beginning to feature strongly in the ranking of leading cloud providers in the Asia-Pacific (APAC) region.
