Alibaba Marks Cloud Computer Debut Outside China In Singapore; Claims It Will Cut IT Spend By ~50%

Alibaba Group Holding Ltd's BABA Alibaba Cloud launched its cloud computer in Singapore, eliminating the need for powerful desktop hardware to perform compute-intensive tasks, ComputerWeekly.com reports.
Dubbed Wuying, the palm-sized machine weighed only 60g and depended on Alibaba's Elastic Desktop Service (EDS) to do the heavy lifting.
The launch marked the debut of the device and EDS outside of China.
Also Read: Alibaba Looks To Trim Work Force By Up To 20%
The cloud computer can enable remote workers to access corporate networks while minimizing the risk of losing sensitive information via a secured network.
Alibaba Cloud will handle connectivity and storage, targeting organizations performing medical research, financial modeling, and oil and gas simulations.
Derek Wang, Alibaba Cloud GM, Singapore, said customers using Wuying had reduced their IT hardware spending by almost 50%, along with a significant boost in their productivity levels.
Price Action: BABA shares traded lower by 4.13% at $74.55 in the premarket on the last check Tuesday.