Tag: Alibaba

April 26, 2023

Alibaba Group Holding Ltd. is cutting the cost of its cloud services by as much as half, a move that could win users from rivals such as Tencent Holdings Ltd. at a time it’s considering spinning off the fast-growing Aliyun […]

December 29, 2022

Alibaba Group has made several changes to its top management team, swopping out its CTO and giving its chairman and CEO Daniel Zhang an additional role as acting president of its cloud business. The shuffles amongst the top seats are […]

March 3, 2022

Cloud has been in existence since 2006 when Amazon Web Service (AWS1) first announced its cloud services for enterprise customers. Two years later, Google launched App Engine, followed by Alibaba and Microsoft’s Azure services. The most recent addition to the […]

August 3, 2021

Alibaba delivered mixed first quarter results as revenue missed expectations, earnings were well ahead, and the company grew its global customer base. The e-commerce giant’s results mirrored Amazon earnings, which showed a slowdown in e-commerce growth. However, Amazon’s profits were […]

June 9, 2021

Alibaba Group Holding Ltd.’s cloud division has pledged $1 billion to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home. The $1 […]

February 3, 2021

Alibaba Cloud, the cloud computing arm of Chinese e-commerce giant Alibaba, became profitable for the first time in the December quarter, the company announced in its earnings report. The firm’s cloud unit achieved positive adjusted EBITA (earnings before interest, taxes, […]

December 18, 2020

Chinese tech giants have drawn international criticism after research showed they have technologies that enable the authorities to profile Muslim Uyghurs. The cloud computing unit of Alibaba, Alibaba Cloud, developed a facial recognition algorithm that can identify a person’s ethnicity […]

September 17, 2020

Alibaba has unveiled a new operating system for the cloud, with CTO Jeff Zhang likening it to upgrading a computer to use Windows. Speaking at the Chinese giant’s virtual Apsara Conference 2020 on Thursday, Zhang said this new cloud, Alibaba […]

March 19, 2020

Alibaba’s cloud business unit is offering its artificial intelligence-powered technologies to provide data insights on the current coronavirus pandemic and speed up diagnosis. The Chinese tech giant is hoping a suite of applications jointly developed by its cloud experts, researchers […]

February 14, 2020

Alibaba issued its latest earnings report yesterday, and as part of that the Chinese eCommerce giant reported that cloud revenue grew 62% to $1.5 billion U.S., crossing the RMB10 billion revenue threshold for the first time. Alibaba also announced that […]

November 1, 2019

Alibaba reported strong second-quarter financial results on Friday, beating analyst expectations and revealing strong growth in the firm’s cloud business. In Q2 2019 (statement), Alibaba reported revenue growth of 40 percent year-over-year, reaching 119 billion yuan ($16.7 billion) and earnings […]

July 29, 2019

The thirst for infrastructure as a service (IaaS) services continues to grow, but the industry has become dominated by major providers and this may hamper competition in the future. According to Gartner, the IaaS market grew by 31.3 percent in […]

January 30, 2019

Alibaba’s cloud business exited the fourth quarter nearing a $4 billion annual revenue run rate. The Chinese e-commerce giant said its cloud computing business saw revenue jump 84 percent in the fourth quarter to $962 million. Cloud computing is now […]

January 4, 2019

The international cloud market is dominated by Amazon, Microsoft, and Google, while the e-retail space is usually controlled by Amazon or local parties. But it’s no secret that Chinese giant Alibaba wants a piece of both markets as well. Central […]