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Alibaba searches for new European data center location

Published 09/28/2017, 02:44 PM
© Reuters.  Alibaba searches for new European data center location
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  • Alibaba (NYSE:BABA) is scouting locations for a second European data center to better compete in the cloud services market dominated by Amazon (NASDAQ:AMZN) Web Services.
  • The first data center was opened in Frankfurt last November. Leading locations for the new data center include London and somewhere in Sweden.
  • The company currently has 14 data centers and has already announced upcoming centers in Indonesia and Malaysia.
  • Alibaba held onto 2.6% of the cloud infrastructure services market in Q2, according to Canalys. The company is narrowing the gap with Google’s 5.9% share but falls far behind the 30.3% AWS market share.
  • JPMorgan (NYSE:JPM) analysts Alex Yao and Gokul Hariharan think the division could account for 15% of Alibaba revenues by 2021.
  • Previously: Alibaba pushes into gaming with new unit, Ejoy purchase (Sept. 27)
  • Now read: Nvidia Signs Massive Deal With China's Kingpins


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