Alibaba bets on AI to fuel cloud growth as it expands globally to catch up with U.S. tech giants

Company Expansion and Strategy - Alibaba expanded its global cloud computing availability, including a new availability zone in Mexico and plans to build data centers in Malaysia, Thailand, and South Korea over the next three years [1] - The company aims to increase efforts and investments in international data centers to fuel growth [1] - Alibaba Cloud's international expansion began in 2015, with mixed results so far [2] Market Position and Competition - Amazon, Microsoft, and Google collectively hold around 67% of the global cloud market share, while Alibaba accounts for just under 5% [2] - In China, Alibaba dominates with a 39% market share and is a top player in Asia [2] Leadership and Recent Developments - Selina Yuan, President of Alibaba Cloud's international division, emphasized the importance of AI products for growth [1] - The cloud division recently scrapped a planned IPO and underwent a management reshuffle, signaling a turbulent period [1]