Categories
Ecommerce

Alibaba to hire 5,000 workers as pandemic drives demand for cloud services [Video]

London (CNN Business)China's Alibaba will add 5,000 jobs to its cloud computing division between now and the end of the year as the coronavirus crisis stimulates demand for streaming, video calls and data storage.

The new jobs will be in areas including networks, databases, servers, chips and artificial intelligence, the company said. Alibaba (BABA) is the biggest cloud provider in Asia and the third largest globally, according to research firm Gartner.

After Covid, we may be in a volatile gig economy that relies heavily on the internet

"The digital transformation journey for businesses in China, which was previously expected to take three to five years, is now likely to be accelerated to be completed within one year." Jeff Zhang, president of Alibaba Cloud Intelligence, said in a statement.

    The jobs announcement comes after Alibaba committed in April to spend 200 billion yuan ($28 billion) over the next three years to build more data centers. Cloud revenue at the tech giant grew to 40 billion yuan ($5.7 billion) in fiscal year 2020, an …

    Watch/Read More