Alibaba chairperson Daniel Zhang said cloud is the company’s long-term strategy. “We strongly believe that every business in the future will be powered by cloud. We are very happy to build this cloud infrastructure in the new digital era and support all the businesses going digital,” he said.
Alibaba’s cloud computing revenue has increased by a whopping 90% year-on-year, reaching RMB 5.7 billion (around USD 815 million) for the quarter ending September 30. The company has launched 600 cloud products and features relating to big data analytics and AI application, innovation, security, and IoT service enhancements over the third-quarter.