Alibaba Cloud to promote Chinese businesses in overseas markets

Alibaba Cloudthe cloud computing arm of Chinese tech giant Alibaba Groupwill accelerate the construction of a global cloud computing network covering Asiaincluding ChinaJapan and South KoreaSoutheast Asiathe Middle EastEurope and the Americato help Chinese enterprises expand their presence in overseas markets.

The company will speed up its globalization push in large language models and increase its investment in overseas consultingtechnology and service team buildingsaid Wu YongmingCEO of Alibaba Groupand chairman and CEO of Alibaba Cloud Intelligence Group.

CurrentlyAlibaba Cloud's global infrastructure spans 87 availability zones across 29 regions. The company offers 394 cloud and AI products and 59 technical servicesmaking it the largest cloud service provider in the Asia-Pacific region.

Alibaba Group recently announced that it would invest more than 380 billion yuan ($52.9 billion) in building cloud and AI hardware infrastructure over the next three years.

Wu said going global is an inevitable trend for Chinese enterprisesand China has taken the lead in fields such as 5Gartificial intelligence and smart vehiclesadding that Chinese enterprises will have a bigger influence in the global market with its growing spillover effects in technologiessupply chainsservices and brands.