Alibaba Cloud pledges $1 billion to boost overseas partnerships

Alibaba is known for its vast e-commerce empire, but like Amazon, cloud services have been a major driver of its revenue in recent years.

China’s cloud giant is poised to expand its overseas reach, announced We are currently investing $1 billion in “upgrading our global partner ecosystem”. Alibaba Cloud is currently World’s 3rd largest public cloud provideran achievement inseparable from the extensive network of local allies formed around the world.

the company always Recruitment of local partners Responsible for sales, technical support, customer service, etc. The $1 billion initiative aims to “help partners innovate and expand Alibaba’s cloud-powered market over the next three fiscal years,” the company said. Money is offered in both financial and non-financial incentives such as funding, rebates and go-to-market initiatives.

Alibaba Cloud currently has nearly 11,000 partners worldwide, including Salesforce, VMware, Fortinet, IBM, and Neo4j.

Alibaba Cloud will capture 9.5% market share in 2021, following Microsoft (21%) and Amazon (39%), according to market research firm Gartner.

Based in Hangzhou and expanding worldwide, this cloud service has become the go-to cloud solution for many Chinese companies going abroad. However, rising national security tensions between China and the West have pushed some customers away from cloud platforms. To persuade U.S. regulators, TikTok reportedly away from alibaba cloud When Move all US data to Oracle servers.

Even early-stage Chinese companies are participating in the technology fork. Over the past few months, several consumer internet start-ups, including social networks and productivity tools, have stored all offshore user data in foreign cloud services just to avoid future regulatory scrutiny. He told me that he was

Alibaba Cloud has recently suffered from slowing growth and the loss of one major cloud client, with industry observers speculating that it is ByteDance.As the company noted in it Earnings report for June:

The cloud segment’s year-over-year revenue growth reflects a recovery in growth across non-internet industries, driven by the financial services, public services and telecommunications industries, but was partially offset by lower revenues from top internet customers. effectively canceled out. Offshore cloud services for international business due to softening demand from non-product-related requirements, online education customers, and other customers in China’s Internet industry.

Western tech companies are under decoupling pressure in China as well.National data laws prohibit user data from leaving borders, so companies such as Apple and Tesla We have long stored Chinese user data in domestic cloud centers.

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