Alibaba to take on Amazon in U.S. cloud services

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Alibaba may be taking on Amazon in another key category.

The Chinese e-commerce giant announced on Wednesday that its cloud computing business, Aliyun, is entering the U.S. market with a new data center located in Silicon Valley.

See also: Alibaba: What You Should Know About the Most-Hyped IPO of the Year

"Now, Aliyun hopes to meet the needs of Chinese enterprises in the United States, and the ultimate objective of Aliyun is to bring cost-efficient and cutting-edge cloud computing services to benefit more clients outside China to boost their business development,” Ethan Sicheng Yu, vice-president of Aliyun, said in a statement. Read more...

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from MashableSeth Fiegerman