Alibaba (BABA) is launching its cloud computing service in Brazil, according to a report from Xinhua news agency. In Brazil, Alibaba is targeting Chinese companies operating in the country. Alibaba has identified a local partner known as UOL Diveo that will resell its cloud services in Brazil.
According to a report released by IDC in February this year, Brazil is the fastest-growing cloud market in South America. With that in mind, Alibaba is entering a market with huge growth potential for its cloud business.
By Naomi Gray via Market Realist