Alibaba raises $10.2bn in Hong Kong share sale
Company selling 710 million shares in an equity placement
News - Business Operations, Alibaba Cloud
The latest news from the AI, data center, telco, chip, and cloud sector
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Alibaba Cloud plans to lean on its self-developed chips moving forward
Hopes this will improve its margin and profitability
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Alibaba Cloud needs 10x its 2022 compute capacity, says CEO Eddie Wu
While Tencent Cloud struggles to generate an ROI from GPUs
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Modular data center provider EPG secures $100m Series B+ funding
Follows Series B funding in January - secures Alibaba, Temasek, and BlackRock as investors
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Alibaba ships 470,000 AI chips, predicts $100bn in cloud and AI revenue in the future
But investors remain unimpressed
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Alibaba Cloud pushes ahead with Shanghai data center, will house custom Zhenwu chips
Chinese cloud provider signs new agreement with Jinshan District government for project
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Alibaba considers increasing AI data center capex spend to $69bn over three years - report
Company said to have even purchased large amounts of consumer graphics cards to create clusters
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Alibaba Cloud to launch data centers in eight locations in coming year
Company to add new facilities in Europe, South America, Asia, and the Middle East
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Alibaba seeks $3.2bn raise in convertible bonds for cloud unit
Will be used to fund international expansion and strengthen its cloud computing business
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Alibaba plans $1.53bn in bond raise for cloud and commerce expansion
More funding for global data center rollout pending
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£1bn Microsoft lawsuit claims it overcharged rival cloud firms’ UK customers
Thousands of businesses represented in huge Windows Server lawsuit that echoes CMA and CISPE allegations
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Alibaba Cloud revenue up 7% for the quarter, cites AI as key factor
Tencent also releases quarterly earnings
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Tencent to invest $500m for data center development in Indonesia
Chinese cloud provider will invest half a billion dollars by 2030
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Alibaba Cloud revenue hits $3.64bn for the quarter
A six percent growth rate, alongside increasing capex spend
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Alibaba Cloud plans Mexican cloud region
Company also planning more data centers in Malaysia, the Philippines, Thailand, and South Korea
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Alibaba Cloud hit by outage, second in a month
Impacting customers in mainland China, Hong Kong, and the United States
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US chip export ban scuppers Alibaba's cloud spin off
Shares fall by 10 percent
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Alibaba CEO Daniel Zhang quits company, steps down as leader of cloud unit
Leadership restructure was meant to see Zhang focus solely on Alibaba Cloud
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Alibaba considers $3bn private funding round for cloud division
Could get the money from Chinese government-backed entities
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US gov't considering restrictions on China's access to American cloud providers
New regulation being mulled to close embargo loopholes
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Alibaba to spin out and separately list cloud unit
Company set to bring in external strategic investors through private financing ahead of spin-off
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Alibaba forms Cloud Intelligence Group as separate business
Part of companies bigger plan to split into six business groups
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Alibaba planning Turkish data center near Ankara
Company looking to build in Temelli, but few details available
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Alibaba CEO Daniel Zhang takes charge of cloud unit
C-suite rotation comes weeks after major outage in Hong Kong
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Alibaba launches third Tokyo data center
Chinese cloud giant expands to 28 regions and 86 availability zones
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New data center goes live in Tibet
Billed as ‘the world’s highest data center’
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Alibaba launches third German data center
Cloud company expands in key German market
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Alibaba opens data center in Bangkok, Thailand
Joins Tencent in having a presence in the country