Alibaba posts $700 million quarterly cloud revenues, cites AI in strategic plays
Revenues at Alibaba have soared to $9.8 billion US (£7.2bn) for the company’s most recent quarter – with cloud computing revenues nudging $700 million.
The figures represent another good quarter for the Chinese eCommerce giant, whose cloud push continues to intensify. Cloud revenues, which topped at $699m went up 103% year over year, while total revenues saw a 61% yearly increase.
Alibaba puts its revenues in four buckets; core commerce, which was at $8.1bn, cloud, digital media and...