Alibaba Cloud is planning to invest $1 billion in overseas partnerships

Alibaba Cloud is planning to invest $1 billion in overseas partnerships ...

Alibaba Cloudis is expected to invest $1 billion in the next three years to support its partners'' "technology innovation and market expansion."

The investment from the Chinese tech giant''s cloud computing division will consist of a mix of financial and non-financial incentives, including "funding, rebates, and go-to-market initiatives."

Alibaba Cloud is planning a "regional accelerator" program to provide its cynical partners working in different markets with a localized business collaboration model.

So what''''s the bigger picture?

According to Gartner''s statistics, Alibaba has already controld a substantial portion of the cloud storage market. Only Microsoft and Amazon have surpassed this figure in 2021.

According to Salesforce, VMware, Fortinet, IBM, and Neo4j, the division already has 11,000 partners worldwide.

Alibaba Cloud was already active in terms of extending its international footprint.

Three customer service centers have been unveiled in the US in2022, which are located in Malaysia, Portugal, and Mexico, to assist international customers during cloud adoption.

However, for investors, Alibaba''s expansion outside its core market is under strain from regulatory authorities.

The US government was investigating Alibaba Cloud to see if or not it poses a threat to national security in 2022.

According to Reuters'' reports, the Biden administration''s probe examined how the firm handled US clients'' data and whether the Chinese government might gain access to US intellectual property.

The Hangzhou, China-headquartered company is attempting to take over ecstatic cloud computing.

Alibaba has announced that it will provide enterprise digital intelligence services, hedging a subsidiary, formerly Lingyang Intelligent Service Company.

In the business intelligencespace, the new business unit may compete with Microsoft, Oracle, and SAP.