Alibaba: Cloud biz is on a run rate over $4B

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Alibaba: Cloud biz is on a run rate over $4B

Alibaba: Cloud biz is on a run rate over $4B

  • The Chinese e-commerce giant got a nice lift from its cloud business, which grew 66% to more than $1.1 billion
  • It’s not exactly on par with Amazon, which reported cloud revenue of $8.381 billion last quarter
  • The company was busy last quarter adding more than 300 new products and features in the period
  • That included changes and updates to core cloud offerings, security, data intelligence and AI
  • Alibaba was first in China, but fourth in the region outside of China
  • Alibaba’s share of the worldwide cloud infrastructure services market was 5% in Q2