Top

Have you Heard? The Chinese Cloud Is Coming!

September 11, 2017

Category:

On almost every front we read that China is increasingly encroaching on American leadership. Whether it’s the increasing tensions in the South China Sea, or the grand investments in China’s New Silk Road, or its expansions into Africa and Latin America the drumbeat is incessant. Well, we can now also include the hottest technology – cloud.

Alibaba, the Chinese conglomerate of online commerce and payment solutions, recently announced some very good financial results with a 56% rise in first quarter revenues to 50.1 billion yuan ($7.51 billion) for the three months ended June 30, compared with analysts’ average estimate of 47.7 billion yuan. But what really got the buzz going were the results disclosed around its cloud-computing unit, AliCloud (also know as Aliyun).

Read More on Cloud Tweaks