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Alibaba Cloud Quarterly Revenue Jumps 90%

Nov 05, 2018 - Marketline Newswire

Alibaba has posted increased revenue for its second quarter, driven in part by the strong growth of Alibaba Cloud.

For the 12 months ended September 30, 2018, revenue from cloud computing increased 90 percent year over year to reach $825 million, driven by higher value-added services and robust paying customer growth, the company said.Alibaba Cloud launched over 600 products and features during the quarter in the areas of big data analytics, security, and IoT services, among others.For the...