Alibaba Cloud is almost profitable as sales outpace US rivals

Tom Wright
clock • 1 min read

Revenue rose 60 per cent in Q3

Alibaba Cloud saw sales rocket in its Q2 as it continues to outpace the likes of Amazon Web Services (AWS) and Microsoft Azure. Revenue for the period ending 30 September rocketed 60 per cent year on year to $2.2bn. Alibaba said that its cloud computing arm is likely to become profitability in H2. CEO Daniel Zhang said that organisations in the public sector and financial services sector made the biggest contribution to the cloud growth. "We announced at our investor day that Alib...

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