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China’s Alibaba to invest $28.2 billion in cloud infrastructure as it battles Amazon, Microsoft – CNBC

Alibaba said on Monday it would invest 200 billion yuan ($28.26 billion) in its cloud computing division over the next three years, highlighting how critical an area this is to the e-commerce giant’s future growth.  The money will be used to invest in infras…

Alibaba said on Monday it would invest 200 billion yuan ($28.26 billion) in its cloud computing division over the next three years, highlighting how critical an area this is to the e-commerce giant’s future growth. 
The money will be used to invest in infras…
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