Alibaba Cloud to Launch Second Data Center in South Korea Amid Global AI Expansion

Alibaba Group Holding Limited (NYSE:BABA) ranks among the 30 stocks expected to beat the market by 20 percentage points this year. In order to enhance its regional infrastructure and satisfy the growing demand for AI and cloud services, Alibaba Cloud, the cloud computing division of Alibaba Group Holding Limited (NYSE:BABA), announced plans to open a second data center in South Korea on June 18.

Alibaba Cloud to Launch Second Data Center in South Korea Amid Global AI Expansion

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In addition to the company’s current Korean node, which was inaugurated in 2022, the new facility will be situated close to Seoul and will enhance computing capacity and redundancy for enterprise and government clients.

This comes at a time when Alibaba Cloud is investing more than $52 billion in AI-driven infrastructure across Asia, Europe, the Americas, and the Middle East as part of its “unified global cloud network.”

Alibaba Group Holding Limited (NYSE:BABA) is an e-commerce and technology company that caters to small business owners and consumers. The company is also a pioneer in cloud computing, logistics, and digital media.

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