Alibaba Cloud, the cloud computing division of the Alibaba Group, will invest US $1 billion to strengthen its worldwide ecosystem of partners and their market development.
Over the next three fiscal years, Alibaba Cloud will allocate the cash as part of its worldwide strategic strategy. The investments consist of both monetary and non-monetary incentives, such as financing, rebates, and go-to-market programs.
The regional accelerator program was introduced by the cloud computing company to increase partners’ income and advance their technological proficiency.
Partners were a critical emphasis for Alibaba Cloud, according to Selina Yuan, president of Alibaba Cloud Intelligence International, and the redesigned partner strategy encourages partners’ growth to create a diverse ecosystem that also helps customers.
Around 11,000 partners presently work with Alibaba Cloud globally, including Salesforce, VMware, Fortinet, IBM, and Neo4j.
Solutions from the Alibaba division are used in a variety of sectors, including manufacturing, commerce, and finance.
Alibaba Cloud is launching new global infrastructure solutions and distributed cloud services in response to the rising demand for its services as more businesses migrate to the cloud.
Additionally, it launched three new service delivery centres in Malaysia, Hong Kong, and the United Arab Emirates as well as three new customer support centres in Malaysia, Portugal, and Mexico.
