Trending

Stories

Alibaba Is Set for Digital Transformation in Europe With Its AI and Cloud Solutions

Must Read

Shahid Mondal
Shahid Mondal
A sports lover. Love exploring and writing about new technology. Avid follower of digital transformation.

This Tuesday, by launching new products, Alibaba just reminded people of their cloud computing presence in Europe. These cloud products are based on Alibaba artificial intelligence (AI) and big data. Similar products have already been released by the Chinese company in China and other markets. It seems they are finally ready to challenge Microsoft and Amazon.

One of these products has an exclusive feature that lets the user bring up any product on an eCommerce website just by taking a photo of it with Alibaba AI. There’s another product that is capable of finding security vulnerabilities in a network.

Also Read

It has been 2 years since Alibaba Cloud was introduced in Europe in 2016. In 2017, an AI and data-focused product was brought into the market with the purpose of serving Chinese customers operating in Europe. But with this latest range of products, Alibaba looks all geared up to directly participate in the European businesses.

We believe we need to service local clients leveraging our computers on the AI and big data. – Yeming Wang, general manager of Alibaba Cloud Europe

As of now, Alibaba’s sole data center in Europe resides in Frankfurt, Germany. It serves that entire region. Though Yeming hinted that Alibaba could open new data centers in the continent, he failed to provide any further details.

Boasting a revenue growing 104% year-on-year in the fourth quarter of 2017 to 3.6 billion yuan ($570.6 million) & with more than 1 million paying customers, the cloud business is Alibaba’s fastest-growing unit, for sure. It accounts for 4% of Alibaba’s total revenues.

Alibaba has a long way to go before it can even think about catching Microsoft and Amazon in the global market. Yeming made it clear that they are very much aware of the fact that their European cloud business “is still like a baby”. He said the opportunity of prospects in the market interests them.

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Related

- Advertisement -
- Advertisement -
Amazon Echo Pop: Stylish Semi-Sphere Smart Speaker in India Redmi Display A27: Affordable 27 Inches Monitor with 100Hz Refresh Apple Music Classical App Now Available on Android WhatsApp’s Companion Mode: Same Account, Multiple Devices Nvidia & MediaTek Collaborate on Connected Car Tech Sony Unveils Project Q: A Next-Gen Handheld Game Console Snapchat Hits 200M+ Users in India, Introduces AI Chatbot Super Mario Bros. Movie: 6.4 Million Tickets Sold in Japan Samsung Galaxy A14 Launches in India with Impressive Features BGMI Returns: Battlegrounds Mobile India Now on Play Store
Amazon Echo Pop: Stylish Semi-Sphere Smart Speaker in India Redmi Display A27: Affordable 27 Inches Monitor with 100Hz Refresh Apple Music Classical App Now Available on Android WhatsApp’s Companion Mode: Same Account, Multiple Devices Nvidia & MediaTek Collaborate on Connected Car Tech Sony Unveils Project Q: A Next-Gen Handheld Game Console Snapchat Hits 200M+ Users in India, Introduces AI Chatbot Super Mario Bros. Movie: 6.4 Million Tickets Sold in Japan