After Nvidia and Apple, Alibaba Chases Vietnam: New Data Center to Boost Control and Meet Local Laws [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
Currently, Alibaba rents server space from Vietnamese state-owned telecommunications companies Viettel and VNPT. The arrangement follows Vietnam's contentious 2022 law mandating that companies store data within the country—a regulation that sparked resistance from major tech firms like Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL Google and Amazon.Com Inc (NASDAQ: AMZN ), the Nikkei Asia reports Dang Minh Tam, Alibaba Cloud's solution architect lead, noted that the company uses colocation services from these state companies to store client data locally. It also maintains backups across its server farms in regions including Taiwan and Singapore. The move is part of Alibaba's strategy to ensure better security and control over its data and potentially reduce costs and liability issues associated with multi-company data management. Companies including Nvidia Corp (NASDAQ: NVDA Apple Inc (NASDAQ: AAPL ), and Lam Research Corp (NASDAQ: LRCX ) have reached out to Vietnam to diversif
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BABA
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- 5/14/24 - Beat
BABA
Sec Filings
- 5/14/24 - Form 6-K
- 5/13/24 - Form 13F-HR
- 4/30/24 - Form 6-K
- BABA's page on the SEC website