Alibaba starts international cloud sector expansion in Poland Central Europe’s cloud market could be just what Chinese e-commerce giant Alibaba is looking for. Read more: https://zd.net/2CWYwBj Alibaba’s cloud computing revenue in its fiscal fourth quarter was $1.15 billion, up 76 percent from a year ago, as customers spent more on new services. The results from the company highlight how it is gaining share in Asia. Alibaba said its cloud user it has more than half the A-share listed companies in China as customer. For fiscal 2019, Alibaba Cloud delivered revenue of $3.68 billion, up 84 percent from a year ago. Cloud computing represents 7% of Alibaba’s total revenue. Alibaba is the top cloud provider in Asia, but globally competes with the likes of Amazon Web Services, Google Cloud and Microsoft Azure. Alibaba is also forging a series of partnerships with enterprise software players. However, Alibaba’s cloud division still loses money. Adjusted EBITA for fiscal 2019 was $172 million. Alibaba’s total revenue for the fourth quarter was $13.9 billion, up 51 percent from a year ago. Annual active consumers Alibaba’s retail marketplaces were 654 million with mobile monthly active users of 721 million for the quarter ending March 30. ×alibaba-fiscal-2019-results.png The company delivered income from operations of $1.3 billion in the fourth quarter. For fiscal 2019, Alibaba reported revenue of %56.15 billion, up 51 percent from a year ago, with income from operations of $8.5 billion. On a conference call with analysts, Alibaba executives were upbeat about the company’s prospects to… [Read full story]
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