What happened: Alibaba Cloud, the cloud computing arm of Alibaba Group, launched a group of new products during the annual Mobile World Congress in Barcelona, Spain on Monday. The move brings services previously only available in mainland China to the international market. The new services range from server-less computing, data analytics, global networking, high-performance storage, and an enterprise database that let customers derive actionable business insights. Alibaba Cloud started its globalization initiative four years ago and now operates in multiple countries and regions including Hong Kong, Singapore, India, Japan, Australia, and the US.
Why it’s important: Globalization and enterprise-facing services are two new paths for Chinese tech giants to drive next-stage growth, though pushing into international markets has yielded mixed results. The efforts of Alibaba’s well-established cloud services business in expanding overseas is worth watching as major Chinese tech companies seek growth in new markets.