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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 Scalper1 News
Scalper1 News