Multinational e-commerce giant Alibaba’s cloud unit plans to invest 1 billion dollars in Southeast Asia. The money will be spent on developing digital skills in the region and building the first data center in the Philippines and an innovation center in Malaysia over the next three years. News ZD Net.
A spokesman of Alibaba Cloud said in a statement that the plan would provide skills development training in cloud and database technology to 100,000 developers and 100,000 startups in Southeast Asia. The investment will mainly contribute to the creation of skilled manpower in the region, accelerate innovation and infrastructural development.
The company did not disclose the amount to be spent in any sector. It did not even mention which market in the region the plan would target.
China’s internet giant has set its sights on the Asia-Pacific region to compete with infrastructural rivals Amazon Web Services and Google. To that end, Alibaba plans to launch its first data center in the Philippines this year.
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