Alibaba Cloud's Data Center in Mexico Kicks Off Operations
Alibaba Cloud's Data Center in Mexico Kicks Off Operations
Key points:
Feb. 19 -- The cloud computing division of Chinese tech giant Alibaba Group Holding has officially opened its data center in Mexico, its first one in Latin America.
The data center offers advanced cloud computing products and services to Chinese enterprises expanding overseas and local customers, Alibaba Cloud Intelligent Group announced today.
When you spot a great trading opportunity but don’t have the funds ready, use contra trading limits to buy stocks or ETFs immediately without upfront cash. Trade now and settle later with the Tiger Cash Boost Account. Enjoy up to 7 days interest-free with a $20K credit limit and 6 months commission-free, it's perfect for seizing short-term opportunities. Plus, sign up and deposit to receive rewards up to $1000 and enhance your investment journey! Check it out for more details.
The first batch of products offered by the data center includes core computing capabilities, such as elastic computing, cloud storage, and network services, with prices lower than those of international cloud firms, according to media reports. In the future, Alibaba Cloud will continue to increase its investment in the local market.
Mexico, as one of the leaders in Latin America in terms of digital economy, has an internet penetration rate of over 70 percent, with the number of its startups climbing 35 percent over the past five years, said Yuan Qian, vice president of Alibaba and president of Alibaba Cloud.
Alibaba Cloud will leverage advanced cloud technologies and resources to empower young innovators to achieve their dreams, driving Mexico's digital economy to higher levels of development, Yuan noted.
In recent years, cloud computing and big data technologies have been widely adopted in Latin America. Alibaba Cloud established its first customer service center in Mexico City in 2022 to provide local support. It also partnered with Latin American companies, including corporate management software solutions provider Contpaqi and internet technology companies Limac and Soft180.
Alibaba Cloud has experienced rapid growth in the international market in the past five years, with its market size widening 20-fold. Last May, it announced new global infrastructure expansion plans, with investments to build new data centers in Thailand, Mexico, Malaysia, the Philippines, and South Korea.
So far, Alibaba Cloud operates in 29 countries and regions worldwide, covering 87 availability zones.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- AmyMacaulay·02-19Great expansionLikeReport
- AuntieAaA·02-19GoodLikeReport