Alibaba’s cloud services business emerges as bright spot for tech giant amid slower growth in core e-commerce operations

//Alibaba’s cloud services business emerges as bright spot for tech giant amid slower growth in core e-commerce operations

Alibaba’s cloud services business emerges as bright spot for tech giant amid slower growth in core e-commerce operations

Alibaba Group Holding’s cloud services business emerged as a bright spot in an otherwise sluggish December quarter for the Chinese e-commerce giant, which posted its slowest quarterly revenue growth since going public in 2014.The Hangzhou-based firm’s Alibaba Cloud unit, which is China’s largest cloud infrastructure services provider, operates in a major domestic market that is worth about 1 trillion yuan (US$158.1 billion) annually, said Daniel Zhang Yong, Alibaba’s chairman and chief…

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By | 2022-02-25T14:30:18+00:00 February 25th, 2022|Headlines|Comments Off on Alibaba’s cloud services business emerges as bright spot for tech giant amid slower growth in core e-commerce operations