Current Affairs Telugu Daily

Alibaba Group opened its first data centre in Mumbai
Jack Ma-led Alibaba Group has opened its first data center in the country in Mumbai. This will extend its cloud services to Indian enterprises. Interestingly, Alibaba is already helping many small and medium-sized businesses to generate more revenue.
It also has made major investments in three different companies in India—digital wallet Paytm, online ticketing platform TicketNew, and e-grocer BigBasket—amounting to nearly $1 billion. Paytm, which has emerged as Alibaba’s top bet in India, secured a total $877 million from Chinese e-tailer. Recently, Alibaba bought a controlling stake in TicketNew, which claims to be India’s second-largest online ticketing platform after BookMyShow and has a presence in over 300 cities. The Chinese giant also invested about $152 million in e-commerce player Snapdeal. Last week, the Competition Commission of India approved Alibaba Group’s acquisition of a stake in online grocer BigBasket.
However, despite being one of the largest cloud providers in Asia and having a local data center, Alibaba may have a hard time pushing its cloud services in the country. This is because of the Indian government’s continued effort to ban Chinese apps after fears mounted earlier this month that China could carry out cyber attacks on India. This has tainted Chinese products and services in the country.
Fact sheet:
Founded: 4 April 1999, Hangzhou, China
CEO: Daniel Zhang.
Headquarters: Hangzhou, China

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