Alibaba is China's largest cloud vendor, garnering 29.9% of the market share for the first half of 2023, followed by Huawei (HWT.UL) with 13.2% and China Telecom (0728.HK) with 12.2%, according to ...

This would be the second time the cloud arm of Chinese e-commerce leader Alibaba Group Holding (9988.HK) has cut prices in less than a year after reductions of as much as 50% in April.

The spending of at least 380 billion yuan, equivalent to $52.41 billion, will surpass the company’s AI and cloud computing investment over the past decade, Alibaba said in a post Monday on its ...

Alibaba’s cloud business, comprising its public cloud (Alibaba Cloud) and its corporate chat platform (DingTalk) products, posted revenue of $2.71 billion in the first quarter of 2023, making up ...

The cloud business generated $2.7 billion in revenue during the first quarter, making up 9% of Alibaba’s total revenues. (My colleague Alex has a financial deep dive into the cloud spinout.

Credit: Alibaba Alibaba Group has unveiled plans to widen its cloud footprint with new data centers in key Asian markets, and has earmarked artificial intelligence (AI) as a growth driver. "Over ...

Alibaba Group is planning to spin out Alibaba Cloud as the cloud computing company is witnessing a decrease in cloud sales this year. The Chinese technology giant is looking to spin off its cloud ...