Alibaba To Close Data Centers in Australia And India, Divert Investments To Southeast Asia And Mexico [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
The decision comes as part of an “infrastructure strategy update” following a careful assessment to prioritize investments in Southeast Asia and Mexico. Alibaba Cloud will halt its data center services in India after July 15, and in Australia after September 30, SCMP reports Also Read: After Nvidia and Apple, Alibaba Chases Vietnam: New Data Center to Boost Control and Meet Local Laws Alibaba notified customers in these regions to migrate their business operations to data centers in Singapore and other locations. The affected data center zones include facilities in Sydney, established in 2016, and Mumbai, established in 2018. Alibaba stock has lost over 14% in the last 12 months as it struggles to generate value amid geopolitical tensions and domestic rivalry. Investors can gain exposure to the stock via Avantis Emerging Markets Equity ETF (NYSE: AVEM ) and Global X Artificial Intelligence & Technology ETF (NASDAQ: AIQ BABA Stock Prediction For 2024 Equity research anal
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