Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Alibaba, Red Hat announce cloud partnership

Published 10/12/2017, 10:12 AM
© Reuters.  Alibaba, Red Hat announce cloud partnership
  • Alibaba (NYSE:BABA) Cloud will start hosting Red Hat (NYSE:RHT) customers on its platform and offer the latter’s products to its customers.
  • Alibaba joins Red Hat’s Certified Cloud and Service Provider program and will soon list Red Hat products in its cloud marketplace.
  • Customers with on-premise Red Hat subscriptions will have the option of moving to Alibaba Cloud without cutting ties to Red Hat.
  • In August, Alibaba announced its cloud business crossed 1M paying customers and brought in $359M for the quarter.
  • In Q2, Alibaba Cloud held 2.6% of the global cloud infrastructure services market. The company falls well behind market leaders Amazon (NASDAQ:AMZN) Web Services (13.8%) and Microsoft Azure (NASDAQ:MSFT) but is gaining on Google’s third place standing at 5.9%.
  • Previously: China pressing for state investments in key tech firms (Oct. 11)
  • Now read: Trends Driving Red Hat


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.