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July 30, 2015 6:54 AM EDT
Aliyun, Alibaba Groups (NYSE: BABA) cloud computing subsidiary, and the Chinese Academy of Sciences (CAS) today announced that they have signed a memorandum of understanding (MoU) in Shanghai to co-found the Chinese Academy of Sciences Alibaba Quantum Computing Laboratory (the Laboratory). The new research facility aims to take the study and applications of quantum theory to the next level, heralding new technologies and platforms for information security, connectivity and computing.
Chunli Bai, President of CAS, Jianwei Pan, Professor and Executive Vice President of University of Science and Technology of China (USTC)... More
July 29, 2015 6:30 AM EDT
Alibaba (NYSE: BABA) announced that it will invest an additional US$1 billion to fuel further growth at Aliyun, its cloud computing arm, a testament to cloud computing as an important growth area for Alibaba. The additional funding will be used to expand Aliyuns international presence, extend and support an alliance-based global cloud computing ecosystem, and for the development of new cloud and big data solutions that enable customers to increase productivity, lower costs and scale quickly as their businesses grow.
Aliyun has become a world-class cloud computing service platform that is the... More
