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Will Alibaba Use War Chest To Target Cloud Computing?
Alibaba Group (BABA) would face big challenges taking on U.S. cloud computing service giants, which have boosted capital spending to expand data centers globally, says Oppenheimer. A TechCrunch report speculated that Alibaba, which raised $25 billion in its initial public offering on Friday, could use its war chest to challenge Amazon Web Services, part of e-commerce leader Amazon.com (AMZN); Google (GOOGL) and Microsoft (MSFT). Oppenheimer