Alibaba Cloud, or Aliyun, a subsidiary of China's e-commerce behemoth Alibaba, has announced a partnership with the Avalanche blockchain to support the company's Node-as-a-Service activities. Avalanche hosts over 1,200 validators and handles around 2 million daily transactions. The co-operation is huge in scope, given that Alibaba Cloud is the largest Asian cloud service provider in the Asia-Pacific area. Developers that anticipate significant resource demands during peak hours can also use the computing, storage, and distribution facilities provided by Alibaba Cloud.

The collaboration between Avalanche and Alibaba Cloud will result in the creation of tools that will allow users to build validator nodes on Avalanche's public blockchain platform in Asia. The connection will enable Avalanche developers to create new validators using Alibaba Cloud's plug-and-play infrastructure as a service. Alibaba Cloud sponsored a special campaign as part of the integration, granting Avalanche developers credit against any of their services. Avalanche presently powers over 1,000 applications, including DeFi ecosystems like Aave, Curve, BENQi, Sushi, and Chainlink.

Movement of Avalanche in the Past Five Years

(Source: Trading Economics) 

Sources:

https://tradingeconomics.com/avxusd:cur

https://markets.businessinsider.com/news/stocks/avalanche-to-power-alibaba-clouds-infrastructure-services-in-asia-11962262

https://www.indiatoday.in/cryptocurrency/story/avalanche-alibaba-integration-former-to-power-alibabas-cloud-infrastructure-in-asia-2305475-2022-12-05

https://cointelegraph.com/news/avalanche-to-power-alibaba-cloud-s-infrastructure-services-in-asia

https://www.investing.com/news/cryptocurrency-news/avalanche-to-power-alibaba-clouds-infrastructure-services-in-asia-2956897