CGRO - After Nvidia and Apple Alibaba Chases Vietnam: New Data Center to Boost Control and Meet Local Laws | Benzinga
Alibaba Group Holding Limited (NYSE:BABA) plans to construct a data center in Vietnam to meet legal requirements for local data storage and to cater to increasing demand in one of Asia’s fastest-growing economies.
Currently, Alibaba rents server space from Vietnamese state-owned telecommunications companies Viettel and VNPT.
The arrangement follows Vietnam’s contentious 2022 law mandating that companies store data within the country—a regulation that sparked resistance from major tech firms like Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Amazon.Com Inc (NASDAQ:AMZN), the Nikkei Asia reports.
Dang Minh Tam, Alibaba Cloud’s solution architect lead, ...