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Alibaba Cloud Announces $1 Billion Investment For Global Partner Ecosystem Upgrade

The funding will help Alibaba's partners on innovating its technology. Alibaba Cloud will commit to upgrading its global partner ecosystem by investing worth $1 billion as a strategic move for the company's overseas expansion, South China Morning Post reported.
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Alibaba Cloud to invest $1b in upgrading its global partner ecosystem

Alibaba Cloud, the cloud computing arm of Chinese tech heavyweight Alibaba Group Holding Ltd, announced on Thursday it will invest 7 billion yuan ($1 billion) to upgrade its global partner ecosystem over the next three fiscal years, and establish six service centers across the globe, as the company ratchets up its international expansion.
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