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BABA-W Said to Open 2nd Data Center in S Korea This Mth
BABA-W (09988.HK) will open its second data center in South Korea by the end of the month, expediting its multi-billion US dollar investments in the fields of artificial intelligen...
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BABA-W Said to Open 2nd Data Center in S Korea This Mth
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BABA-W (09988.HK)  +1.700 (+1.545%)    Short selling $3.21B; Ratio 26.960%   will open its second data center in South Korea by the end of the month, expediting its multi-billion US dollar investments in the fields of artificial intelligence (AI) and cloud computing, Bloomberg reported.

The company stated that the expansion addresses the growing demand for cloud and AI services from South Korean enterprises, and noted that the facility is part of the RMB380 billion AI and cloud infrastructure investment announced earlier this year.

Related NewsHSBC Research Names BABA-W as Industry Top Pick; 618 Industry GMV Growth Outshines Last Yr
Alibaba Cloud dabbled in the South Korean market in 2022, establishing its first data center in Seoul to serve clients including AI solution provider Univa and Naver's subsidiary Snow, who utilize Alibaba Cloud's foundational AI models.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-20 16:25.)

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