China’s Alibaba will invest $1 billion in cloud technology. The company will allocate this investment over the next three fiscal years to its partners’ technology innovation and Alibaba Cloud’s market expansion. Alibaba Cloud is currently the world’s third largest cloud technology company and has partnerships with companies such as Salesforce, VMware, Fortinet, IBM and Neo4j.
E-commerce company Alibaba’s cloud service has helped the company’s revenue grow dramatically in recent years.
Cloud technology allows users to share information and applications over the Internet. This technology provides faster access to news and resources.
Ainagozel Gulkhanova, a student of the Turkmen State Financial Institute