(Yicai Global) June 8 -- Alibaba Group Holding's cloud unit has ambitious plans to catch up with Amazon Web Services, the world's leading cloud service provider, within the next three years.
Alibaba Cloud serves more than 2.3 million customers and has more than 200 data centers in 14 regions around the world, Simon Hu (Hu Xiaoming), president of Alibaba Cloud, told Yicai Global at the Computing Conference Shanghai Summit on June 7. The firm covers six continents with more than 1,000 global nodes and a total broadband processing capacity of 40 terabits per second, he added.
"The income gap between us and AWS is about seven to eight times now, compared with 37 times before," he continued, adding that Alibaba has an edge in technological terms.
Hu had made similar comments toward the end of last year, after research firm Gartner ranked Alibaba third among infrastructure-as-a-service cloud service providers in 2016, behind Amazon and Microsoft.
"The large internet population in China and the country's booming internet economy have given Alibaba Cloud a golden opportunity," South China Morning Post quoted Hu as saying in October. "That is why we have been the fastest growing cloud computing company for the past several years."
More and more tech firms are entering China's cloud computing market as it gains recognition and acceptance in the country. Alibaba's top domestic competitors include Tencent, China's biggest tech firm by market cap; Baidu, the country's leading search provider; and JD.Com, the nation's largest online retailer.
Editor: James Boynton