Alibaba’s cloud services business poised to turn a profit on back of China’s digital economy, global expansion

//Alibaba’s cloud services business poised to turn a profit on back of China’s digital economy, global expansion

Alibaba’s cloud services business poised to turn a profit on back of China’s digital economy, global expansion

Alibaba Group Holding expects its cloud computing services business to become profitable before the company’s current financial year ends in March 2021, driven by demand from China’s fast-growing digital economy and strategic overseas expansion.Hangzhou-based Alibaba Cloud – ranked by Gartner as the world’s third-biggest infrastructure-as-a-service provider in 2019, behind Amazon Web Services and Microsoft Corp’s Azure – is expected to turn a profit by the end of March next year, according to…

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By | 2020-09-30T08:26:53+00:00 September 30th, 2020|Technology|Comments Off on Alibaba’s cloud services business poised to turn a profit on back of China’s digital economy, global expansion