China Digest: Alibaba pledges $1b to support cloud services customers; Lithium battery maker Jiemeng bags $42m

China Digest: Alibaba pledges $1b to support cloud services customers; Lithium battery maker Jiemeng bags $42m

Image courtesy of Alibaba Cloud.

Chinese e-commerce giant Alibaba’s cloud computing division has announced it will invest $1 billion. Separately,  Jiemeng Intelligence, a lithium-ion battery coating machine maker, has snapped up 300 million yuan ($42 million) in a strategic funding round.