Alibaba's $28 billion investment in cloud infrastructure will help it compete with US tech giants outside of China (BABA, MSFT, AMZN)

7:08am PDT - April 21st, 2020    msft - Business Insider

Chinese e-commerce giant Alibaba announced that it would invest RMB 200 billion ($28 billion) in building its cloud infrastructure over the next three years, according to TechCrunch. Jeff Zhang, president of Alibaba Cloud Intelligence, said the investment wil…