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Alibaba Cloud

阿里云

Alibaba Cloud develops highly scalable cloud computing and data management services.

Alibaba Cloud, founded in September, 2009 and headquartered in Hangzhou, is a cloud computing and artificial intelligence technology company. Established by Wang Jian, the company has received financings from Alibaba and so on. Rivals that have direct and indirect competition with Alibaba Cloud globally include Huawei Cloud, JD Cloud, Tencent Cloud, IBM Cloud, Google, etc.

Alibaba Cloud develops highly scalable cloud computing and data management services.

Alibaba Cloud, founded in September, 2009 and headquartered in Hangzhou, is a cloud computing and artificial intelligence technology company. Established by Wang Jian, the company has received financings from Alibaba and so on. Rivals that have direct and indirect competition with Alibaba Cloud globally include Huawei Cloud, JD Cloud, Tencent Cloud, IBM Cloud, Google, etc.

Sector

Technology

Industry

Software

Sub-industry

Cloud Services

Founded date

Sep 10, 2009

HQ location

Zhejiang, China

Legal name

Alibaba Cloud US LLC

Website

https://www.alibabacloud.com/

Number of Employees

501-1000

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IDG: Cloud Computing to Account for 32% of Global IT Spending by 2021

International Data Group (IDG) reported companies will spend 32% of IT budgets on cloud computing, based on their survey and estimation. The average cloud spending for an enterprise will surge 59% in 2020, to USD 73.80 million, from 2018 levels. Having been inserted in business strategy, 92% of firms are working out how to apply cloud tech across their IT environment, including  network architecture applications and data analysis. The figure will rise up to 95% in the next 18 months. 29% of organizations are adopting the cloud-first model. 54% of companies are mostly focusing on on-premises environment. Only 9% are cloud-dominated businesses. Due to concerns on security and privacy, finance, government, non-profit organization and manufacturers prefer to use only one public cloud platform. So far, 81% of survey respondents deploy applications or computing infrastructure in the cloud. China's ‘New infrastructure’ accelerates the data center building and cloud adoption. More recently, the government implemented new REITs regulations to stimulate investment in infrastructures like data centers. This all heralds the speeding up of the development of data centers and cloud business in China.
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