Alibaba Cloud's big overseas move: invest 7 billion yuan to build 6 service centers

News on September 22, today, at the International Cloud Summit held in Thailand, Alibaba Cloud announced that it will continue to accelerate its overseas market layout, invest 7 billion yuan in the next three years to build an international localized ecosystem, and add 6 overseas service centers. Porto, Mexico City, Kuala Lumpur, Dubai, etc.

In the past year, Alibaba Cloud has added seven overseas data centers in South Korea, Thailand, Germany, Indonesia, the Philippines, and Saudi Arabia. Currently, Alibaba Cloud operates 85 availability zones in 28 regions around the world, covering more than 200 countries and regions around the world.

In terms of product technology, Alibaba Cloud announced the launch of the eighth-generation ECS cloud server, cloud box, enterprise networking CEN2.0, container service ACK ONE, self-developed database PolarDB-X, self-developed multimodal database Lindorm and other international versions.

According to Canalys data, spending on cloud infrastructure services in mainland China increased by 11% year-on-year to reach $7.3 billion in the second quarter of 2022, accounting for 12% of overall global cloud spending. Among them, Alibaba Cloud accounted for 34% of the market share this quarter, an increase of about 10% year-on-year.