Alibaba Group Holding Ltd. will invest about $28 billion, over the next three years to bolster its cloud infrastructure.
The investment will boost in-house semiconductor and operating system development efforts, as well as to bolster its global data center network.
“By increasing our investment on cloud infrastructure and fundamental technologies, we hope to continue providing world-class, trusted computing resources to help businesses speed up the recovery process, and offer cloud-based intelligent solutions to support their digital transformation in the post-pandemic world.”