Alibaba Group to invest $1.0 bn in cloud computing

Last Updated: Wednesday, July 29, 2015, 15:41

Chinese e-commerce giant Alibaba will invest $1.0 billion in its cloud computing arm to expand its international presence, the company said Wednesday, as it looks outside its core business and beyond traditional markets.

Global cloud IT infrastructure market up 25% in Q1: IDC

Last Updated: Sunday, July 5, 2015, 11:54

The industry segment had an estimated revenue of USD 5.01 billion in January-March quarter of 2014.

Still an underdog, but China govt deals help Alibaba's cloud ambitions

Last Updated: Friday, June 19, 2015, 08:27

Alibaba this week scored a minor deal with China`s northeastern port city of Dalian to build a cloud computing centre and provide online government services such as bill payment.

Alibaba's cloud computing unit to establish base in Dubai

Last Updated: Tuesday, May 12, 2015, 23:48

The cloud computing unit of Chinese e-commerce giant Alibaba Group Holding said it would establish a base in Dubai to seek business from companies and governments in the Middle East and North Africa.

IBM, Facebook in new marketing partnership

Last Updated: Thursday, May 7, 2015, 13:26

In other words, the customers will now be able to buy Facebook ads with combined data from Facebook and IBM`s Marketing Cloud.

With cloud, Microsoft has real opportunity in India: Nadella

Last Updated: Thursday, April 30, 2015, 15:37

With the emergence of cloud computing, Microsoft has a real opportunity in India, the company's India-born CEO Satya Nadella has said.

Microsoft coy on cloud profit after Amazon delivers

Last Updated: Friday, April 24, 2015, 09:33

Amazon.com Inc surprised investors on Thursday by disclosing for the first time that it makes a profit from its fast-growing cloud-computing business.

Amazon revenue beats forecast, cloud computing more profitable than expected

Last Updated: Friday, April 24, 2015, 06:08

Amazon.com Inc`s first-quarter revenue grew more than expected as rising sales in North America and its burgeoning cloud-computing services unit offset new business investments, boosting its shares nearly 7 percent.

IBM sales fall for 12th quarter, currency weighs

Last Updated: Tuesday, April 21, 2015, 03:31

International Business Machines Corp reported a 12 percent fall in first-quarter revenue as the technology company continues to shed unprofitable businesses to focus on cloud-computing initiatives.

Alibaba helps Sinopec with cloud computing, big data

Last Updated: Friday, April 17, 2015, 12:03

The link-up was for technical services and did not involve equity cooperation, China Petroleum & Chemical Corp, or Sinopec, said on its official microblog. It did not say how much money was involved.