Alibaba Cloud invests $1b to boost global partner network

Alibaba Cloud, Alibaba Group’s cloud computing unit, will invest US$1 billion to boost its global ecosystem of partners ecosystem and their market expansion.

Selina Yuan speaking at Alibaba Cloud Summit 2022 / Photo credit: Alibaba

As part of its international strategic roadmap, Alibaba Cloud will commit the funds over the coming three fiscal years. The investments include financial and non-financial incentives like funding, rebates, and go-to-market initiatives.

The cloud computing firm launched a regional accelerator program to boost partners’ income and strengthen their technical expertise.

Selina Yuan, president of Alibaba Cloud Intelligence International, said partners were a key focus for Alibaba Cloud and the revamped strategy toward partners prioritizes partners’ growth to build an inclusive ecosystem that also benefits customers.

Alibaba Cloud currently has about 11,000 partners worldwide, including Salesforce, VMware, Fortinet, IBM, and Neo4j.

The Alibaba unit’s solutions serve a range of industries, including fintech, commerce, and manufacturing.

Noting that demand for its services was shooting up as more firms move to the cloud, Alibaba Cloud is rolling out new global infrastructure products and distributed cloud services.

It also opened three new customer service centers in Malaysia, Portugal, and Mexico, as well as three service delivery centers in Malaysia, Hong Kong, and the United Arab Emirates.

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