The current coronavirus pandemic has seen a surge in demand for video conferencing and streaming services and apps. In keeping with this, Alibaba has decided to invest another $ 28 Billion to erect a strong infrastructure.
The company has reportedly poured 200 RMB Billion, which roughly amounts to 28 Billion dollars. This sudden decision has been pushed by the current “stay at home” conditions. These social distancing conditions have perpetuated the “work from home’ culture. Given that, the entertainment industry has seen a big boost in its growth.
The particular communities to benefit during this period of lockdown and quarantine happen to be the internet and streaming services that ensure a steady stream of entertainment round the clock.
The company is gearing up for the post-pandemic war period. Reportedly, the surge in the fresh demand for streaming and online entertainment is here to stay and nowhere to subside. Companies and businesses in the entertainment industry would require top-class software resources. Thus, it gets all the more important for the brand to strengthen its foothold in this sector as well.
The basic inputs and reforms are pending to be taken as per Jeff Zhang, president of Alibaba Cloud Intelligence and chief technology officer of Alibaba Group. He stated in a press statement that the company will be investing the sum to arrange for basic facilities and the digital infrastructure, specifically.
The company aims to help businesses in their ambitious projects to soar the world of entertainment by providing world-class and trusted computing resources. It will be directed towards the aid of businesses to boost the recovery process. Thus, the company’s technology and products will be expanded to other parts of the world.
The company will be expanding its current demand for the operating system, servers and chips. In the post-pandemic period, the company envisages a demand surge of these in its data centres. The company has got 63 availability zones right now, all of which are situated in Asia, Europe, Australia, the Middle East and the United States.
In the long term, the company aims to provide these businesses with cloud-based intelligent solutions which would prove to be pivotal in their digital transformation in the post disease world mainly.
As per sources Gartner reported that Alibaba Cloud happens to be the top cloud provider in the Asia Pacific region of markets. Alibaba had earlier seen its cloud revenue grow by 62 per cent to reach a whopping $ 1.5 billion. In the Asia Pacific region alone, its leadership seems quite unchallenged.
Alibaba Cloud is ranked at the spot three in the world Infrastructure aiming to provide a Service and Infrastructure Utility Services market. Its cloud development progress in both the Asia Pacific region as well as globally has contributed mainly to the spot.
Gartner had released its “The Future of the DBMS Market Is Cloud” report some time ago in June of the last year. The brand, Alibaba Cloud, has secured the third position in cloud database management system revenues among the world players in the year 2018. Reportedly, Amazon and then Microsoft were the only ones that preceded Alibaba in Cloud-based DBMS.