Softbank founder and CEO Masayoshi Son invested $20 million in Alibaba in 2000 After posting a $23 billion quarterly net loss on Monday, SoftBank announced plans to reduce
Infrastructure as a Service grew 41% in 2021 to $90 billion – Gartner
With Amazon leading, five hyperscalers dominate 80% of the IaaS market Gartner Inc.’s latest poll of the public cloud Infrastructure as a Service (IaaS) market shows the segment grew 41.4%
Alibaba misses estimates but beats EPS on tough headwinds
Alibaba’s quarterly cloud division revenue is up 20% year over year, sequentially down by 33% Chinese hyperscaler Alibaba Group Holding on Thursday reported third-quarter revenue of
China Broadcasting Network gets funding injection for 5G rollout
China Broadcasting Network Corp (CBN), a cable TV operator and a new entrant in China’s telecom sector, has received investments of more than CNY100 billion
Alibaba operates 10 data centers in China and 11 more internationally In response to the ongoing COVID-19 pandemic, which has heightened demand for cloud computing services