Alibaba to invest $28 billion in cloud infrastructure services as COVID-19 boosts demand
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Alibaba Group will be investing $28 billion in cloud infrastructure over 3 years as the coronavirus boosts business demand. The group said it will spend funds on semi-conductor and operating system development and building out its data infrastructure. Alibaba group's cloud division is one of the fastest-growing businesses and hopes the investment will help businesses speed up the recovery process.