- Alibaba Group Holding Limited's (NYSE:BABA) digital technology and intelligence backbone, Alibaba Cloud, launched its third data center in Japan to support the growing digital transformation demands from customers in the country.
- Located in Tokyo, the data center provides cloud computing products ranging from storage, network, elastic computing, security, and database to developer services.
- Also Read: Alibaba Cloud Steps Up Rivalry With Latest Move, Launches Data Center Equivalent To Google's Silicon Valley Headquarters
- With the introduction of the new data center, Alibaba Cloud now boasts a network of 86 availability zones in 28 regions across the globe, offering a highly secure, scalable, robust, and sustainable cloud infrastructure to support global customers embracing digital innovation.
- Alibaba Cloud has supported customers in Japan's gaming, manufacturing, retail, and automobile sectors since it launched its first data center in Tokyo in 2016.
- Alibaba Cloud has also introduced cutting-edge cloud services to the market, from GPU instances, AI acceleration engines, and visual AI products in the e-commerce and auto sectors to metaverse space construction technology.
- Alibaba reported second-quarter FY22 revenue growth of 3% year-on-year to $29.12 billion, missing the consensus of $29.45 billion.
- Cloud grew by 4% Y/Y to $2.92 billion.
- The cloud segment comprising Alibaba Cloud and DingTalk grew, driven by healthy public cloud growth.
- Price Action: BABA shares traded higher by 3.74% at $89.43 on the last check Friday.
- Photo by Fooksou Lamimo via Wikimedia Commons
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