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Alibaba Pours $1B Into Cloud Computing Unit Aliyun

By Abigail Rubenstein (July 29, 2015, 11:59 AM EDT) -- Chinese e-commerce giant Alibaba Group Holdings Ltd. said Wednesday that it plans to dump an additional $1 billion into its cloud computing unit Aliyun, in part to fund the international expansion of the unit, as the company battles Amazon.com Inc. for marketplace dominance. ...

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