The funding will help Alibaba's partners on innovating its technology. Alibaba Cloud will commit to upgrading its global partner ecosystem by investing worth $1 billion as a strategic move for the company's overseas expansion, South China Morning Post reported.
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has announced its latest international strategic roadmap at the 2022 A
Alibaba Cloud, the cloud computing arm of Chinese tech heavyweight Alibaba Group Holding Ltd, announced on Thursday it will invest 7 billion yuan ($1 billion) to upgrade its global partner ecosystem over the next three fiscal years, and establish six service centers across the globe, as the company ratchets up its international expansion.