Alibaba Cloud to Start Second Data Center in South Korea by June

Alibaba Group Holding Ltd. will open a second data center in South Korea by the end of June, accelerating its multibillion-dollar bet on artificial intelligence and cloud computing.

The new facility is part of a 380 billion yuan ($52.9 billion) investment in AI and cloud infrastructure announced earlier this year, an Alibaba spokesperson said. The expansion comes in response to growing demand from South Korean businesses for cloud and AI services, the company said in a statement Thursday.