In October last year, I wrote about the ambitious cloud-computing moves by Alibaba (BABA). In a span of a few days in October, Alibaba announced a flurry of partnerships with Red Hat (RHT), Xilinx (XLNX), and STMicroelectronics (STM). In that same month, Simon Hu, senior vice-president of Alibaba Group and president of Alibaba Cloud, declared that the then fourth-placed Alibaba Cloud (a.k.a. Aliyun) was "on track" to surpassing Amazon AWS (AMZN) to become the top provider of cloud services in the world. Later in my article, in the section on potential obstacles to Alibaba Cloud’s ambition, I brought up the collaboration between Dalian Wanda (OTC:DLWNY) (OTC:DWNDF) and IBM (IBM).
Quote from the October article (emphasis added):
