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Alibaba to make cloud computing its 'main business'

09/11/2018

Chinese e-commerce giant Alibaba Group's CEO Daniel Zhang stated that the company is aiming to make the cloud computing its "main business." During an interview with CNBC, the businessman noted that the corporate world is entering a new digitalized era and that "every business in the future will be powered by cloud."

"We are very happy to build this cloud infrastructure in a new digital era and support all business," said Zhang. "I think cloud will be ... the main business of Alibaba in the future," he stressed.

Alibaba's cloud business has been spreading outside China for a little over two years now, opening new data centers across both Asia and Europe. The company's market cap is currently at $380 billion.

Source: (Teletrader, 2018)

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