Bought Alibaba

IaaS – Infrastructure as a Service – is one of three Cloud segments. Over the past 12 years this market grew to $40 billion in the US and is forecast to double to $80 billion or more over the next three years.

In 2018 this segment of the Chinese Cloud produced sales of only $1.2 billion, and near term estimates of growth to $20 billion cannot br too far off the mark given the Chinese interest in adopting and inventing new technology.

At the present time Chinese companies have this market to themselves, because the Great Firewall of China will not allow foreign competition.

With a bit of luck, Alibaba will capture a major slice of this rapidly growing market, just as Amazon did in the US .

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