Alibaba Cloud

Among the new utilities that the new Firefly models bring is the ability to generate Vector graphics using text prompts in Illustrator

China suspended publishing data on its soaring youth unemployment rate in July, saying it needed to iron out complexities in the numbers. The rate had risen every month this year and reached a record

The appointment term for Ma finishes at the end of October 2023 but his contract may be extended on an annual basis

The company, a dominant player in China's cloud market, is fending off challenge from domestic rival Tencent 0700.HK which is also trying to capture cloud business opportunities

Tencent began to display a new level of aggressiveness after positioning its cloud business as a major area of growth in September 2018, and that has only amped up amid the pandemic, employees say

Alibaba Cloud is working with close to 10,000 global partners serving more than 350,000 business customers globally

Alibaba's overseas cloud expansion will continue to outpace its domestic growth as the company pushes further into other countries

Alibaba is one of the top three cloud service solution providers in the world and among the top two in the Asia-Pacific region

He says the untapped opportunity is still huge enough to win in India

The company sets up local data centre with the lure of a strong presence in Southeast Asia and West Asia

Alibaba Cloud now has 33 availability zones with coverage extending across mainland China, Hong Kong, Singapore, Japan, Australia, the Middle East, Europe, India and US

Alibaba Cloud will increase its total number of data centre locations to 17