Alibaba Cloud definition
Examples of Alibaba Cloud in a sentence
As of the date of this Agreement, the following business units are the material business units of the Company: Taobao Marketplace, eTao, ▇▇▇▇▇.▇▇▇, Juhuasuan (group buying website), ▇▇▇▇▇▇▇.▇▇▇ International Business Operations (ICBU), ▇▇▇▇▇▇▇.▇▇▇ Small Business Operations (CBU) and Alibaba Cloud Computing.
Accordingly, Alibaba Cloud, being a consolidated entity of Alibaba Holding, is an associate of ▇▇▇ ▇▇▇▇▇▇▇ and therefore a connected person of the Company.
The prices offered by Alibaba Cloud are comparable to the prices offered by other third-party cloud services providers.
Notwithstanding the foregoing, if any related party transactions are related to any operational entities of Alibaba Cloud (), such transactions shall be negotiated and entered into on an arms-length basis and shall only be subject to the approval of the Board, which shall include affirmative vote of the Majority Preferred Directors (including Alibaba Director).
To the best knowledge, information and belief of the Directors, having made all reasonable enquiries, Alibaba Cloud and its ultimate beneficial owner are third parties independent of the Company and connected persons of the Company as at the date of this announcement.
The cloud computing segment is comprised of Alibaba Cloud, which offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large scale computing, security, management and application services, big data analytics, a machine learning platform and IoT services.
Alibaba Cloud is a company established in the PRC with limited liability and a consolidated entity of Alibaba Group Holding Limited.
The principal activities of Alibaba Cloud include the provision of cloud computing services, including elastic computing, database services and storage and large scale computing services, for the platforms of companies integral to the Alibaba Group’s ecosystem including the Company’s platform and to sellers on the marketplaces and other third-party customers of the Alibaba Group, and the provision of Internet infrastructure services, such as web hosting and domain name registration.
The Board is pleased to announce that on 27 October 2023, BEJN (a wholly-owned subsidiary of the Company), as the principal, entered into the Equipment Purchase and Technical Services Agreement with Alibaba Cloud, as the supplier, for the procurement of equipment and technical services in relation to the Beijing AI Public Computing Platform in the PRC.
Alibaba Holding is the ultimate majority shareholder of Perfect Advance and Alibaba Cloud is a member of the Alibaba Group.