back to article Cloud busting: Alibaba pumps $1bn into Aliyun, hopes it will rain cash

Chinese Amazon equivalent Alibaba is pumping $1bn (£637m) into its cloudy arm Aliyun, thereby injecting cold, hard cash into its global domination plans. The investment is intended to further its international presence, as the firm intends to cosy up with more local partners. Part of the investment pot will be used to set up …

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