Alibaba Cloud to promote Chinese businesses in overseas markets

Alibaba Cloud, the cloud computing arm of Chinese tech giant Alibaba Group, will accelerate the construction of a global cloud computing network covering Asia, including China, Japan and South Korea, Southeast Asia, the Middle East, Europe and the America, to help Chinese enterprises expand their presence in overseas markets.

The company will speed up its globalization push in large language models and increase its investment in overseas consulting, technology and service team building, said Wu Yongming, CEO of Alibaba Group, and chairman and CEO of Alibaba Cloud Intelligence Group.

Currently, Alibaba Cloud's global infrastructure spans 87 availability zones across 29 regions. The company offers 394 cloud and AI products and 59 technical services, making it the largest cloud service provider in the Asia-Pacific region.

Alibaba Group recently announced that it would invest more than 380 billion yuan ($52.9 billion) in building cloud and AI hardware infrastructure over the next three years.

Wu said going global is an inevitable trend for Chinese enterprises, and China has taken the lead in fields such as 5G, artificial intelligence and smart vehicles, adding that Chinese enterprises will have a bigger influence in the global market with its growing spillover effects in technologies, supply chains, services and brands.