Cloud computing has become one of Alibaba’s fastest-growing sectors beyond its core e-commerce business. Photo: SCMP/Bien Perez Cloud computing has become one of Alibaba’s fastest-growing sectors beyond its core e-commerce business. Photo: SCMP/Bien Perez
Cloud computing has become one of Alibaba’s fastest-growing sectors beyond its core e-commerce business. Photo: SCMP/Bien Perez

Alibaba Cloud to hire 5,000 people after global cloud spending hits record high in first quarter

  • In April the company announced it would invest US$28.2 billion over the next three years on its cloud infrastructure
  • A surge in demand for online collaboration tools, e-commerce and consumer cloud services drove sharp increases in usage

Topic |   US-listed Chinese stocks
Cloud computing has become one of Alibaba’s fastest-growing sectors beyond its core e-commerce business. Photo: SCMP/Bien Perez Cloud computing has become one of Alibaba’s fastest-growing sectors beyond its core e-commerce business. Photo: SCMP/Bien Perez
Cloud computing has become one of Alibaba’s fastest-growing sectors beyond its core e-commerce business. Photo: SCMP/Bien Perez
READ FULL ARTICLE