The company is promising to invest more than $28 billion in its cloud services unit over the next three years, and to direct some of the funds towards chip and operating system R&D.

On Monday, Alibaba said that it plans to invest RMB200 billion ($28.3 billion) over the next three years in its Alibaba Cloud unit, which is China’s biggest public cloud services provider. Along with data center infrastructure investments, Alibaba indicated the spending would go towards R&D investments in areas such as chip and operating system development. Other likely spending areas include sales, marketing and the development of new cloud services.

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