Alibaba's latest innovation, AliCloud, is a global cloud computing service that plans to overtake Amazon web services in the near future. AliCloud is the newest investment of China's e-commerce giant, Alibaba, which cost a pretty penny. With a huge desire to conquer the worldwide cloud market, AliCloud will use its SaaS and IaaS services to win the battle.

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The company which AliCloud can consider as their greatest opponent is Amazon AWS. Amazon web services brought in about $6 billion in 2015, and are currently monopolizing public cloud space worldwide, according to Tech Week Europe.

Alibaba's cloud computing president Simon Hu stated that AliCLoud aims to dominate cloud market in a worldwide scale. Hu is grateful by how competing companies like Microsoft and Amazon did the introduction for them. He said that the competitors made things easier for them by educating and introducing how cloud services works. It is the best way to enter the war, because competitors have laid their cards, and AliCLoud only needed to prove itself to take over and be on top of the list, the same publication reported.

AliCloud is already functional in five regions of China, one region outside of the country and a partnership with Middle East Meeras Holdings. The company also collaborated with a Singaporean telecoms company Intel and Equinix, which is a U.S. data center provider. All these alliances are part of AliCloud's goal to tyrannize the worldwide cloud market, including overpowering Amazon web services.

AliCloud's services to regions in native China is different to what is being used by their clients outside China. Services such as computing, storing, relational database services and load balancing are some of the features AliCloud can provide to the consumers outside China.

In other news, a fearless forecast was stated by a head analyst of Synergy Research Group John Dinsdale, wherein he said that AliCloud's ambition to conquer the cloud market around the world is not a "threat." This means that Amazon AWS may not throttled by AliCloud's desires to dominate the market. AliCLoud's revenues may be gigantic, and they can show that they can offer services to other countries, but that doesn't make them a big threat to Amazon AWS. The latter is getting 60 percent revenue per year, which is far larger than what AliCloud is currently earning.

Watch the documentary about Alibaba and AliCloud below: