We believe we need to service local clients leveraging our computers on the AI and big data. - Yeming Wang, general manager of Alibaba Cloud EuropeAs 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 of 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 still got a long way to go to go before they 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 it is the opportunity of prospects in the market that interests them.
India Coronavirus Cases Update 226,770 Total 6,348 (2.8%) Deaths 109,462 (48.3%) Recovered
05 Jun 2020, 11:33 AM (GMT)