Alibaba CEO Eddie Wu has announced plans to build a global cloud network following the company’s commitment of over 380 billion yuan (approximately $52.7 billion) to enhance computing and AI infrastructure in China.Presently, the Alibaba Cloud service operates across 87 zones, with the service cutting across 29 regions. It offers 394 cloud computing and AI products along with 59 technical services, making it one of the largest cloud service providers in the Asia Pacific region.The global cloud market has been predicted to surpass $912 billion by 2025, with the market presently growing at 18.3% annually.The recent 380 billion yuan ($52 billion) investment to push its global expansion is coming at a critical time in the global cloud computing landscape. Presently, the company holds just 4% of the market share, compared to Microsoft Azure’s 20%, Google Cloud’s 12%, and AWS’ 31%. What is your take on Chinese global cloud network ambitions ?
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