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Alibaba Cloud Named a Leader in Public Cloud Platforms Report
Ranked the 2nd highest among nine global vendors evaluated by top global research firm in current offering and strategy categories
HANGZHOU, CHINA – Media OutReach Newswire – 5 December 2024 – Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has been recently named a Leader in The Forrester Wave™: Public Cloud Platforms Q4 2024 report. Alibaba Cloud believes this designation recognizes its depth of its cloud and AI offerings and strategy, its significant global presence, as well as the ability to provide its global customers with a wide range of products and services. This is the first time Alibaba Cloud has been recognized as a Leader among other significant public cloud platform providers in this report.
Alibaba Cloud is named one of four leaders among nine global vendors evaluated in Forrester’s report, with the 2nd highest scores in the current offering and strategy categories. The report states that Alibaba Cloud showed its capacity for AI innovation with homegrown AI models, breadth of foundation model choices and model-as-a-service (MaaS) innovation. The report also states that the core infrastructure and model-as-a-service capabilities enable Alibaba Cloud to provide a major model repository for AI across China.
“Alibaba has upped the ante on serverless beyond AI, packaging its powerful cloud-native infrastructure into more accessible offerings for both developers and operators, with data and analytics as a stand out,” said Forrester in the report. “Alibaba is a good fit for Chinese-based enterprises or international corporations requiring cloud scale across APAC and parts of Africa, Europe, and Latin America,” the report added.
The Forrester report is a 30-criterion evaluation of the nine most significant public cloud platform providers. Each provider is evaluated on the strengths of their current offerings, strategy and market presence. Alibaba Cloud has achieved the highest possible assessment score (5.0 out of 5.0) in 17 criteria, including database, data integration and governance services, container and Kubernetes services, serverless/FaaS services, compute, IoT, storage services as well as AI development services.
“Expanding our cloud-native infrastructure and AI capabilities in the public cloud space to better support our clients is a top priority. We are honored to be recognized by Forrester for our efforts in this critical area,” said Jingren Zhou, Chief Technology Officer of Alibaba Cloud Intelligence. “To address the increasing demands of AI, we are dedicated to continuously enhancing our ability to provide accessible, scalable, and reliable cloud products and AI applications to our customers.”
At Apsara Conference 2024, Alibaba Cloud’s annual flagship event hosted in September, Alibaba Cloud unveiled a revamped full-stack infrastructure designed to meet the growing demands for robust AI computing. It also released over 100 of its newly-launched large language models, Qwen 2.5, to the global open-source community. Qwen, Alibaba Cloud’s proprietary large language model, has seen significant adoption since its introduction in April 2023. The Qwen models have been downloaded over 40 million times on open-source platforms such as Hugging Face and ModelScope, and have inspired the creation of more than 78,000 derivative models.
As a creator of the MaaS concept and an advocate of open source, Alibaba Cloud also build ModelScope, China’s biggest AI model community. It hosts over 10,000 models and serves more than 8 million developers.
On the global presence, Alibaba Cloud continues to expanding its global reach, currently operating 85 data centers in 28 regions globally. In May 2024, Alibaba Cloud announced its plan to launch its first cloud region in Mexico, and to establish additional data centers in its key markets including Malaysia, the Philippines, Thailand, and South Korea in the next three years.
Hashtag: #alibaba
The issuer is solely responsible for the content of this announcement.
About Alibaba Cloud
Established in 2009, Alibaba Cloud (www.alibabacloud.com) is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, big data analytics, machine learning and artificial intelligence (AI) services. Alibaba has been named the leading IaaS provider in Asia Pacific by revenue in U.S. dollars since 2018, according to Gartner. It has also maintained its position as one of the world’s leading public cloud IaaS service providers since 2018, according to IDC.
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Owner-Operated Serviced Office CoWorkSpace Opens at 6 Raffles Quay Level 16, Offering Members Stable Pricing in a Landlords’ Market
As Singapore CBD office rents rise for a fifth consecutive quarter and vacancy hits a record low, CoWorkSpace aims to shield members from rent increases that flex operators typically pass through.
SINGAPORE – Media OutReach Newswire – 26 May 2026 – CoWorkSpace is conveniently located at 6 Raffles Quay #16-01, occupying an entire floor within the office tower and comprising more than 50 private suites designed for startups, SMEs, and established corporations across shipping, financial intermediaries, family offices, professional services, business consultancy, technology, and trade-related industries.
Hashtag: #ServicedOffice #Coworking #CoworkingSpace #RafflesQuay #RafflesPlace #SingaporeCBD #SGCBD #PrivateOffice #PrivateSuites #OwnerOperated #FlexibleWorkspace #BusinessAddress #SMESingapore #SGBusiness #CoWorkSpace
https://www.coworkspace.com.sg/
CoWorkSpace Serviced Office.
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JOYY Reports First Quarter 2026 Financial Results: Total Revenue YoY Growth Hits Multi-Year High
In the first quarter, JOYY’s total revenues reached US$555.7 million, up 12.4% year over year, representing the Company’s highest year-over-year growth rate in recent years. Social entertainment revenue increased 3.2% year over year to US$400.4 million. BIGO Ads ad tech and SHOPLINE e-commerce, the second growth engine of the Company, maintained strong growth momentum. BIGO Ads revenue reached US$124.8 million, up 55.6% year over year, while SHOPLINE contributed US$30.5 million, up 16.1% year over year.
In the first quarter, the Company’s non-GAAP1 operating income increased 22.5% year over year to US$38.0 million, while non-GAAP1 EBITDA grew 13.2% year over year to US$45.7 million. Operating cash inflow for the quarter was US$46.0 million. Net cash as of March 31, 2026 stood at US$3.18 billion.
Simultaneously, JOYY announced a new share repurchase program, under which the Company is authorized to repurchase up to US$600 million of its shares until the end of 2028, and a new quarterly dividend program, under which a total of approximately US$900 million in cash will be distributed on a quarterly basis between 2026 and 2028. The new shareholder return program amounts to approximately US$1.5 billion, underscoring JOYY’s confidence in its long-term growth potential.
- This press release includes certain non-GAAP financial measures as additional clarifying items to aid investors in further understanding the Company’s performance and the impact that these items and events had on the financial results. The non-GAAP financial measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. For details of the non-GAAP measures, including the reconciliations of GAAP measures to non-GAAP measures, please refer to the press release titled “JOYY Reports First Quarter 2026 Unaudited Financial Results” issued by the Company on May 26, 2026.
Hashtag: #JOYY
The issuer is solely responsible for the content of this announcement.
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“Made in Binzhou” Heads to Tianzhou-10 Cargo Spacecraft——Binzhou Sci-Tech Power Embarks on a Hardcore Space Mission
This initiative is a collaborative effort involving the University of Chinese Academy of Sciences (UCAS), the National Space Science Center of the Chinese Academy of Sciences, and the Binzhou Weiqiao UCAS High Technology Research Institute. The successful launch marks a historic “zero-to-one” breakthrough, representing the first time private sci-tech forces from Binzhou and indeed Shandong province have reached space. It also stands as China’s first in-space experiment to study the solidification of lightweight high-entropy alloys under the dual-field coupling of “microgravity and rotating magnetic fields.”
As a national-level “space laboratory,” the manned space station hosts world-class research facilities and serves as a core platform for disruptive innovation in new materials. This successful deployment not only highlights the institute’s cutting-edge research capabilities but also signifies a deep integration between corporate scientific research and national aerospace engineering. Looking ahead, the institute will continue its deep dive into frontier fields such as space materials and lightweight alloys. By strengthening collaborative innovation across industry, academia, and research, they aim to empower the upgrading of the new materials industry with technological innovation, contributing both wisdom and strength to the development of China’s manned space program and the cultivation of new quality productive forces.
Hashtag: #BinzhouInformationOffice
The issuer is solely responsible for the content of this announcement.
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