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Alibaba Cloud is one of a number of business units that form part of Alibaba Group, helping companies to transform the way that they market, sell and operate. Alibaba Group, headquartered in Hangzhou, China, is on a mission to make it easy to do business anywhere. It has ambitious growth goals, and aims to help to solve problems for billions of people as it expands. MISSIONAlibaba provides vital technology infrastructure and marketing capabilities to help businesses to grow their products and services online. The group spans commerce, cloud computing, digital media and innovation. For example, AliExpress is our global consumer marketplace, Alipay is our mobile and online payment platform and Alibaba Cloud is the cloud computing arm and business unit of Alibaba Group. And perhaps you’ve heard of 11-11, our groundbreaking international shopping festival known as Singles Day, which processed over USD $25BN in sales last year in a single day.Alibaba announced in 2017 that it is investing $15BN in research and development up to 2020, including creating the DAMO Academy in 2017. The DAMO Academy has research labs in seven cities around the world, looking into topics including data intelligence, the Internet of Things, fintech, quantum computing and human-machine interaction. The Academy will help Alibaba to be “future-oriented to solve the problems of the future,” according to Alibaba’s founder and chairman Jack Ma. He challenged the Academy to help 100 THE USD AMOUNT P RO C E S S E D I N SALES DURING LAST YEAR’S SINGLES DAY SHOPPING FESTIVAL$25BN
2Alibaba Cloud | Introducing Alibaba Cloudmillion companies create opportunities and help solve to problems for billions of people. By doing this, DAMO Academy has the target of growing to become equal in value to the world’s fifth-largest economy by 2036.1
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