Alibaba To Invest $28 Billion In Cloud Services After Coronavirus Boosted Demand (reuters.com) 21
Chinese e-commerce giant Alibaba said it will invest $28 billion in its cloud infrastructure over three years -- "a plan that follows a boom in demand for business software as the coronavirus outbreak peaked in China," reports Reuters. From the report: The company said in a statement it will spend the funds on semiconductor and operating system development as well as building out its data centre infrastructure. While most of China's white collar employees were working from home throughout February, the country's dominant cloud player saw usage surge for its software, most notably DingTalk, a workplace chat app used by both businesses and schools. At one point, users complained of lags on the app due to the high volume of activity. The company acknowledged the issues on Weibo, the Chinese social networking site. Alibaba Cloud Intelligence president Jeff Zhang said in the statement that the COVID-19 pandemic "has posed additional stress on the overall economy across sectors" and the company hoped the investment would help businesses "speed up the recovery process."
$28 Billion? (Score:2)
Pffft... that wouldn't even cover a tenth of our 1st stage small business bailout... you realize we're printing those Benjamins faster than old Fred lost his dingaling.
'Fred,' he replies. 'Fred what?' the officer asks. 'Just Fred,' the man responds. The officer is in a good mood and thinks he might just give the biker a break and, write him out a warning instead of a ticket. The officer then presses him for the last name. The man tells him that he used to have a last name but lost it. The officer thinks th
great idea (Score:4, Insightful)
Re:great idea (Score:5, Insightful)
Unfortunately too few people understand that business in China does not work like it does everywhere else. Every major business is an arm of the gov't; it wouldn't exist otherwise.
So all their shitty Tencent games, Zoom conferences and TikTok videos are actively being used for espionage - not just selling ads like the shitbag American companies.
China is at war with us and has been for decades, so far that senator from Wisconsin telling the CCP to fuck off with the pro-China CV handling press release they tried to get him to publish is the only one I've heard say anything promising,
It's a shame we have so many traitor presidents, senators, etc on both sides (Clinton got China in the World Trade Organization and didn't recognize Taiwan as a nation. Bush's pro China, Xi referred to him as an "old friend" when senior died. The list is a long one and fucking pathetic to see.)
That's the problem with money being all that matters - your enemies can pay you to hang yourself.
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You clearly haven't been to China. With the exception of some academics and artists, the vast majority of people on the street would gladly put up with a police state with limited freedoms if they think they can benefit economically. You'll see a bloody revolution if there is any challenge to that and for a revolution, you need a critical mass of participants. Not too many Chinese are willing to challenge "the man" since TianAnMen square and those with their hands on the tiller know that any noteworthy c
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You clearly haven't been to China.
Well you're wrong there lol
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They've wanted this for a long time too - 30 years ago Tianamen square happened. Right now Hong Kong protests occur regularly.
the trouble is, the totalitariuan regime will send tanks in if it feels it has to, it does send police in, and it does spy on everyone to find out who to drag off to the gulag. Communism, same as its ever been even if its dressed up in nice expensive capitalist clothes.
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They've wanted this for a long time too - 30 years ago Tianamen square happened. Right now Hong Kong protests occur regularly.
Some people wanted it 30 years ago. Since then, the quick economic growth has been enough to satisfy most of them.
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Wait until you lose your job because its gone to China too.
How will you buy anything after that?
there's a balance to the world that is requyired for everyone to live happily ever after, China happily upsets that for their benefit, screw you. You just don't realise it'll happen - yet.
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It's not the same here. Western companies don't jump when the state tells them.
https://mspoweruser.com/apple-... [mspoweruser.com]
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Oddly enough, that claim is indistinguishable from something you just made up on the spot.
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In this case, all data out of China will disappear off US cloud service so the CIA and NSA can not steal the data. You can bet the government of China will ban foreign cloud services from Chinese government and Chinese corporate networking.
The world should not rely on CCP China... (Score:2)
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But their slave labour is so temptingly cheap...
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That hasn't been true for many years. Their labor isn't particularly cheap anymore. Businesses are lured by the mirage of access to the Chinese market as well as the efficient supply chain. A totalitarian state can be quite effective at managing infrastructure and supply chains....for a while.
Chinese ownership = state ownership (Score:2)
Anyone trusting their data to Alibaba's cloud is effectively not interested in security or privacy. If you just want a cheap place to store stuff you don't care about, then sure.