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Alibaba to extend cloud computing service to Brazil

Alibaba Group Holding Ltd., through its cloud subsidiary Alibaba Cloud Computing Co., struck a deal with Brazilian information technology firm UOL Diveo to resell Alibaba's cloud services in Brazil, Xinhuanet reported May 29, citing local media.

The Chinese conglomerate is looking to expand its cloud computing services in Brazil as part of its support for Chinese companies operating in the South American country. The two companies agreed on terms of the deal after three months of negotiations, the report said.

According to Gil Torquato, CEO of UOL Diveo, Alibaba's expansion to Brazil is reportedly linked with the arrival of a Chinese company in the country that has requested its services, the news outlet said.