Alibaba Group plans to invest in Singapore data centre
The deal is part of its US$1 billion investment to drive the growth of Aliyun, its cloud computing arm.
SINGAPORE: Chinese Web giant Alibaba Group on Thursday (Jul 30) announced it will set up data centres in Singapore, as well as Japan, Europe and the Middle East, as part of its US$1 billion investment to drive the growth of its cloud computing arm Aliyun.
In a press release, Alibaba Group CEO Daniel Zhang said Aliyun will serve as an "essential engine" for the company in the new economy which sees the physical and digital arenas becoming increasingly integrated.
"This additional US$1 billion investment is just the beginning. Our hope is for Aliyun to continually empower customers and partners with new capabilities, and help companies upgrade their basic infrastructure," Mr Zhang said. "We want to enable businesses to connect directly with consumers and drive productivity using data."
To do so, it plans to expand its data centre footprint from the five in China and Hong Kong, as well as one in the Silicon Valley in the US.
When asked, Alibaba spokesperson Beckie Wang said in an email that there are no further details on the Singapore data centre currently, such as whether it would be building one from scratch or leasing space from data centre operators here.
Besides data centres, Alibaba Group also has its international Marketplace Alliance Program, a channel programme that offers Aliyun cloud computing services via partners such as Singapore's Singtel.
- CNA/kk
- wong chee tat :)
Showing posts with label customers. Show all posts
Showing posts with label customers. Show all posts
Monday, August 3, 2015
Tuesday, October 7, 2014
HP increases job cuts to 55,000 in reorganisation bid
HP increases job cuts to 55,000 in reorganisation bid
This is at least 5,000 more than its previous estimate, says the US tech giant.
NEW YORK: Hewlett-Packard (HP) said on Monday (Oct 6) that its corporate reorganisation would result in a total of 55,000 jobs slashed - at least 5,000 more than its previous estimate.
The US tech giant said it had increased its prior estimate of 45,000 to 50,000 job losses "independent of the separation transaction".
HP had on Monday confirmed that it would split into two separate, listed companies by splitting its computer and printer businesses from its corporate hardware and services operations.
- AFP/al
- wong chee tat :)
This is at least 5,000 more than its previous estimate, says the US tech giant.
NEW YORK: Hewlett-Packard (HP) said on Monday (Oct 6) that its corporate reorganisation would result in a total of 55,000 jobs slashed - at least 5,000 more than its previous estimate.
The US tech giant said it had increased its prior estimate of 45,000 to 50,000 job losses "independent of the separation transaction".
HP had on Monday confirmed that it would split into two separate, listed companies by splitting its computer and printer businesses from its corporate hardware and services operations.
- AFP/al
- wong chee tat :)
Hewlett-Packard confirms to split in two by end-FY2015
Hewlett-Packard confirms to split in two by end-FY2015
Hewlett-Packard has confirmed that it will split into two separate, listed companies by separating its computer and printer businesses from its corporate hardware and services operations by the end of fiscal year 2015.
NEW YORK: Hewlett-Packard said on Monday (Oct 6) it would split into two separate, listed companies by separating its computer and printer businesses from its corporate hardware and services operations. The move follows a trend of technology firms and other corporations, including eBay last week, splitting their businesses into separate companies, based on the belief that tightly focused firms perform better.
The split "will provide each new company with the independence, focus, financial resources, and flexibility they need to adapt quickly to market and customer dynamics, while generating long-term value for shareholders," said HP chief executive Meg Whitman in a statement.
"In short, by transitioning now from one HP to two new companies, created out of our successful turnaround efforts, we will be in an even better position to compete in the market, support our customers and partners, and deliver maximum value to our shareholders," she said. It will take place as a tax-free distribution of shares to HP's stockholders.
Whitman will serve as chairman of the PC and printer business, dubbed HP Inc, and chief-executive of the separate Hewlett-Packard Enterprise company, the statement said. Dion Weisler, an executive in the PC and printer operation, is to be chief executive of that streamlined business, the report said.
HP has been undergoing a massive reorganisation to cope with the move away from traditional personal computers to mobile devices. The California company, which has been in the throes of a major reorganization since 2012, said on Monday the plan would eliminate a total of 55,000 jobs "independent of the separation transaction." Until recently, HP had said the plan would cut up to 50,000 jobs.
The breakup plan, subject to final board approval, is expected to be completed by the end of the 2015 fiscal year. The decision follows US online retail giant eBay' plans unveiled last week to spin off PayPal in a move designed to help the unit compete better in the fast-moving online payments segment.
HP shares jumped four per cent to 36.61 in opening trades, as initial reaction to the announcement was generally positive.
Brian White, analyst at Cantor Fitzgerald, said there is a "long list of reasons" to separate the two units. "The enterprise IT market is becoming increasingly competitive and the PC market has been in a downturn since the iPad was unveiled in April 2010," White said in a note to clients.
"Given the challenges in managing a company the size of HP, the negative, long-term secular trends in the PC market that discourage investor attention, and the need for HP to focus more on the cloud, ... we believe a separation into two companies makes sense, as we have suggested for quite some time."
Sherri Scribner at Deutsche Bank agreed, saying there were "limited synergies" between the two segments and that each unit has "different growth and margin profiles". Ben Reitzes at Barclays said the spinoff "could expand HP's value" but that it was "not a signal that fundamentals are about to change drastically for PCs."
- AFP/al
- wong chee tat :)
Hewlett-Packard has confirmed that it will split into two separate, listed companies by separating its computer and printer businesses from its corporate hardware and services operations by the end of fiscal year 2015.
NEW YORK: Hewlett-Packard said on Monday (Oct 6) it would split into two separate, listed companies by separating its computer and printer businesses from its corporate hardware and services operations. The move follows a trend of technology firms and other corporations, including eBay last week, splitting their businesses into separate companies, based on the belief that tightly focused firms perform better.
The split "will provide each new company with the independence, focus, financial resources, and flexibility they need to adapt quickly to market and customer dynamics, while generating long-term value for shareholders," said HP chief executive Meg Whitman in a statement.
"In short, by transitioning now from one HP to two new companies, created out of our successful turnaround efforts, we will be in an even better position to compete in the market, support our customers and partners, and deliver maximum value to our shareholders," she said. It will take place as a tax-free distribution of shares to HP's stockholders.
Whitman will serve as chairman of the PC and printer business, dubbed HP Inc, and chief-executive of the separate Hewlett-Packard Enterprise company, the statement said. Dion Weisler, an executive in the PC and printer operation, is to be chief executive of that streamlined business, the report said.
HP has been undergoing a massive reorganisation to cope with the move away from traditional personal computers to mobile devices. The California company, which has been in the throes of a major reorganization since 2012, said on Monday the plan would eliminate a total of 55,000 jobs "independent of the separation transaction." Until recently, HP had said the plan would cut up to 50,000 jobs.
The breakup plan, subject to final board approval, is expected to be completed by the end of the 2015 fiscal year. The decision follows US online retail giant eBay' plans unveiled last week to spin off PayPal in a move designed to help the unit compete better in the fast-moving online payments segment.
HP shares jumped four per cent to 36.61 in opening trades, as initial reaction to the announcement was generally positive.
Brian White, analyst at Cantor Fitzgerald, said there is a "long list of reasons" to separate the two units. "The enterprise IT market is becoming increasingly competitive and the PC market has been in a downturn since the iPad was unveiled in April 2010," White said in a note to clients.
"Given the challenges in managing a company the size of HP, the negative, long-term secular trends in the PC market that discourage investor attention, and the need for HP to focus more on the cloud, ... we believe a separation into two companies makes sense, as we have suggested for quite some time."
Sherri Scribner at Deutsche Bank agreed, saying there were "limited synergies" between the two segments and that each unit has "different growth and margin profiles". Ben Reitzes at Barclays said the spinoff "could expand HP's value" but that it was "not a signal that fundamentals are about to change drastically for PCs."
- AFP/al
- wong chee tat :)
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