tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Alibaba in $7B push for commerce unit, plans new data centers, WSJ reports

Alibaba (BABA) will offer about $6.98B in coupons and vouchers over the next 12 months to boost its delivery and e-commerce services, The Wall Street Journal’s Tracy Qu reports. Alibaba plans to launch new data centers in Malaysia and the Philippines to advance its AI push, and Alibaba Cloud is expanding in Southeast Asia with new facilities and an AI hub to meet the growing demand for AI services, Qu writes.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1