Alibaba’s cloud revenues hit $825 million this quarter – up 90% year over year
Alibaba has hailed a 90% year-on-year increase in its cloudy operations – posting quarterly revenues of $825 million (£636m).
Total revenue for the company was at $12.4 billion (£9.57bn), meaning cloud contributed to 6.6% of the overall pot. Overall revenues rose 54% year over year, representing the first time the company’s growth did not break 55% in seven quarters.
Among Alibaba Cloud’s...