Jan. 22nd, 2025, Alibaba Cloud is announced to join FinOps Foundation as a Premier Member today. Additionally, Linquan Jiang, CIO of Alibaba Cloud will join the Foundation’s Governing Board, helping to contribute to its strategic direction and champion its vision for the global FinOps community.
“We’re pleased to welcome Alibaba Cloud, another leading cloud provider, to the FinOps Foundation,” said J.R. Storment, Executive Director of the FinOps Foundation. “FinOps is a growing practice throughout the world and Alibaba’s experience and knowledge of the FinOps landscape, especially in its Asia region, will help move our mission forward to advance the people managing and maximizing the value of the cloud.”
The FinOps Foundation is a part of The Linux Foundation’s non-profit technology consortium focused on advancing the people and practice of FinOps. It promotes collaboration, knowledge sharing, and best practices among business and engineering teams to get the most value out of their public cloud investments.
With the rapid development and widespread application of cloud computing technology, the demand for cloud cost management among enterprises has been growing steadily. As early as 2022, Alibaba Cloud achieved full marks across all 33 capability indicators in cloud cost management, becoming one of the first cloud service providers in mainland China to pass the assessment of "Trusted Cloud · Cloud Cost Optimization Tool Capability Requirements" by the China Academy of Information and Communications Technology (CAICT). By joining the FinOps Foundation, Alibaba Cloud will deepen its cooperation with corporate members worldwide, actively participate in the formulation of international technical standards, and further enhance its influence within the global FinOps community. As a Premier Member, Alibaba Cloud is committed to advancing the progress of the FinOps community, actively disseminating best practices and advanced concepts accumulated by the foundation, with the aim of providing a superior cloud financial management experience to a wide range of customers, thereby maximizing the return on their cloud investments.
“Alibaba Cloud is honored to join the FinOps Foundation as Premier Member. Cloud computing, with its extreme elasticity and variable cost model, enables enterprises to make IT investments more flexible and cost-effective. FinOps practices help businesses fully leverage these advantages, continuously optimize the use of cloud resources, and enhance financial transparency.” said Linquan Jiang, CIO of Alibaba Cloud. “Through collaboration with the FinOps Foundation, Alibaba Cloud is committed to helping a broad range of customers maximize the value of their cloud investments, while collectively promoting a more sustainable cloud economic ecosystem.”
Alibaba Cloud is the digital technology and intelligence backbone of Alibaba Group, offering a complete suite of cloud services, including elastic computing, database, network, security, machine learning and AI for businesses, financial institutions, public sectors and others. Alibaba Cloud s robust infrastructure also supports different business units of Alibaba Group, ranging from e-commerce ecosystem to logistics.
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