SUBMIT PICTURE: A logo of Alibaba Group is seen at the business’s head office in Hangzhou, Zhejiang province, China, November 18,2019 REUTERS/Aly Song/File Picture
SHANGHAI (Reuters) – Alibaba Group Holding Ltd ( BABA.N) stated it will invest 200 billion yuan ($28 billion) in its cloud facilities over three years – a plan that follows a boom in demand for company software application as the coronavirus outbreak peaked in China.
The business said in a declaration it will invest the funds on semiconductor and operating system advancement as well as developing out its information centre infrastructure.
While most of China’s clerical staff members were working from house throughout