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How Alibaba sailed past Amazon to rule fast-growing Southeast Asian market
The company has leaned heavily on M&A, supporting the strategy with an online financial services push and cloud technology.....»»
Alibaba Group Holding Limited (NYSE:BABA) expanding quickly
Alibaba Group Holding Limited (NYSE:BABA) expanding quickly Jack Ma wants his Alibaba Cloud to give Amazon Web Services and Microsoft’s MSFT.O Azure a run for their money in Asia’s $15 billion market. Unfortunately for him, Beijing is con.....»»
Alibaba, BT talk about Europe cloud "push" in Amazon challenge, Bloomberg says
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Alibaba Group Holding Limited (NYSE:BABA) expanding its operations at a rapid pace
Alibaba Group Holding Limited (NYSE:BABA) expanding its operations at a rapid pace Alibaba is taking on Amazon by expanding its cloud operations in Europe. The European market provides Alibaba with a major opportunity to gr.....»»
Amazon Vs. Alibaba: Changes In Cloud Market Can Throw A Big Surprise
Amazon Vs. Alibaba: Changes In Cloud Market Can Throw A Big Surprise.....»»
Amazon To Invest $9B In Singapore Cloud Infrastructure, Doubling Its Current Investment
Amazon.com has announced a $9 billion investment in expanding its cloud computing infrastructure in Singapore. This decision comes as part of a broader trend of global tech companies increasing their presence in Southeast Asia. read more.....»»
Sam Altman"s OpenAI And Amazon-Backed Anthropic Face Serious Competition From These Chinese Startups Backed By Alibaba, Xiaomi And More
These startups have received significant backing from mostly domestic investors and are aggressively recruiting top-tier talent to develop popular AI products. read more.....»»
Amazon"s cloud division has its most profitable quarter ever
The Seattle-based tech giant reported its first quarter earnings on Tuesday, beating Wall Street estimates nearly across the board......»»
Is Amazon Stock Worth Buying Ahead of Q1 Earnings?
Amazon (NASDAQ: AMZN) is scheduled to report first-quarter 2024 results on Apr 30. The company has been rising on its dominant position in the online retail and cloud computing markets. It has been benefiting from the solid momentum across Prime and Am.....»»
Amazon to Open More Cloud Centers in Southeast Asia for Better Data Protection
Amazon plans to establish cloud regions in Southeast Asia to meet customer demands for local data storage, investing $6 billion in Malaysia by 2037. read more.....»»
Google fires 28 employees who protested Israel cloud contract
The protests, organized by the No Tech for Apartheid campaign, raised concerns about Google and Amazon's $1.2 billion contra.....»»
Alibaba"s cloud formula coming under pressure, WSJ says
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Facebook dethrones Amazon as the stock most popular with hedge funds, according to Goldman data
The same companies comprised the top five in the bank's hedge fund VIP list: Facebook, Microsoft, Amazon, Alphabet, Alibaba. In this photo illustration, the stock market information of Goldman Sa.....»»
Alibaba logs higher quarterly sales but posts loss on antitrust fine
Chinese e-commerce giant Alibaba Group Holding Ltd. posted revenue growth on stronger retail and cloud-computing results in the latest quarter, but a large fine levied by the Chinese government dragged the company to a quarterly loss......»»
The Pentagon may axe its $10 billion JEDI cloud-computing contract with Microsoft because of endless litigation from Amazon, a report says
Microsoft won the $10 billion JEDI contract in 2019 to store and manage sensitive military and defense data. Amazon has objected .....»»
Court Battle With Amazon May Force Pentagon To Scrap "JEDI" Cloud-Computing Program
Court Battle With Amazon May Force Pentagon To Scrap 'JEDI' Cloud-Computing Program Has Jeff Bezos overpowered the Pentagon with legal firepower? Amazon's leg.....»»
Prime Day is coming, use of the cloud is soaring and other factors driving Amazon’s surge
Amazon reported first-quarter profit of $8.1 billion, compared to $2.5 billion the year before. Revenue jumped 44% to $108.5 billion, and Amazon said revenue will remain at that level in the second quarter, in part b.....»»
Amazon sales top $108B as Bezos touts Prime and cloud growth
Amazon's sales soared as CEO Jeff Bezos prepares to step aside for his successor Andy Jassy......»»
Amazon trumpets streaming prowess alongside record first-quarter profits
The company reported net sales that were up 44% year over year. Amazon Web Services, its cloud business, also saw significant growth......»»