Chinese internet giant Alibaba Group announced that it will invest an additional $1 billion USD into cloud computing arm Aliyun, in an attempt to beef up its global presence, improve R&D capacity and foster partnerships with local data technology companies.

The investment is intended to set up a global network for Aliyun with new centers in Middle East, Singapore, Japan and Europe, the company said. Aliyun now has six public data centers in Beijing, Hangzhou, Qingdao, Hong Kong, Shenzhen and Silicon Valley.

Along with the investment, Aliyun has also entered new strategic partnership with Yonyou Software, a leading enterprise management software and cloud service provider in Asia Pacific region. Yongyou claims to have over 2 million government clients or enterprises customers engaged in finance, automobile, medical care and energy.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.