Alibaba Cloud, the cloud computing arm of Alibaba Group, has more than doubled the capacity of its Hong Kong data center as demand for cloud services rises in the Asia Pacific region. With a US$204 billion market value in 2016, up more than 16 percent from the previous year, the global market for cloud services is a growing component of Alibaba\u2019s strategy.
\nCloud services are a central component of its primary competitor Amazon\u2019s business, the latter having recently signed a $1 billion contract with social media company Snap.
\n\u201cSince our entry into Hong Kong in 2014, Alibaba Cloud has become one of the largest public cloud providers in the market in less than two years,\u201d said Ethan Yu, vice president of Alibaba Group and general manager of Alibaba Cloud Global. \u201cMore companies have come to realize the importance of changing their traditional IT mind-set to embrace the new data technology.\u201d
\nCurrently China\u2019s largest cloud computing service provider, Alibaba Cloud posted revenue of $254 million in the quarter ended Dec. 31, up 115 percent compared with the same period in 2015. For context, Amazon\u2019s cloud service saw revenue of about $10 billion last year.
\nOne significant impediment to Alibaba\u2019s cloud product is ongoing censorship and restriction of the internet in its largest market, China. Foreign companies are reluctant to store information on Chinese-hosted servers, given the government\u2019s proclivity towards snooping. In addition, the possibility of corporate espionage gives board rooms cold feet.
\nThat said, Alibaba Cloud\u2019s roster of paying customers is on the rise, to 765,000, representing a year-over-year increase of 100 percent. The Chinese company also said that its customers were using, \u201cmore complex cloud-computing services such as content delivery networks and database services.\u201d
\nAlibaba Cloud has operations in 14 global economic centers including mainland China, Singapore and the U.S. Last year, the company launched new data centers in Japan, Germany, the Middle East and Australia.
\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
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