{"id":1394,"date":"2021-08-05T12:43:56","date_gmt":"2021-08-05T12:43:56","guid":{"rendered":"https:\/\/www.hostingseekers.com\/blog\/?p=1394"},"modified":"2022-05-19T08:38:21","modified_gmt":"2022-05-19T08:38:21","slug":"alibaba-group-cloud-computing-revenue-results-announced","status":"publish","type":"post","link":"https:\/\/www.hostingseekers.com\/blog\/alibaba-group-cloud-computing-revenue-results-announced\/","title":{"rendered":"Alibaba Group Cloud Computing Revenue Results: Net Profit Jumps 1.18 Billion Straight"},"content":{"rendered":"

HANGZHOU, China \u2014<\/b> Alibaba, a leading Chinese cloud business announced its results for the quarter ended June 30, 2021, sales were up 103 percent after 12 years of operation. The company\u2019s internal cloud unit, also known as Aliyun, scored MB 16.1 billion ($2.4 billion) on a nearly $2.8 billion annual run rate.\u00a0<\/span><\/p>\n

For the past decades, the cloud ecosystem has been dominated by global technology giants like Google, AWS, VMware, and Azure. Even Alibaba Group\u2019s Cloud Computing arm continues serving multiple business needs and has increased its presence in Asia and beyond. Its business growth is primarily driven by the immense increment in the total number of cloud users, retail industries, and public sectors. The company also unveiled the positive adjustment of EBITA during this quarter for the first time because of economies of scale.<\/span><\/p>\n

According to <\/span>Gartner<\/span><\/a>, this is the best time for Cloud Computing companies to grow their revenue as Infrastructure as a Service (IaaS) is becoming a crucial part of business plans. As an outcome of the investment in Cloud business, Blackstone will become the organization\u2019s biggest institutional stockholder.<\/span><\/p>\n

\u201cAlibaba gained more than one billion active clients globally just in the first quarter of 2021 and it is the biggest milestone in the company\u2019s history. Our entire business is growing rapidly with a healthy foundation. Alibaba Ecosystem is generating US$1.2 trillion in GMV during this financial year. Such big achievements show the core value propositions that we are offering to our consumers and industry. We have always remained very excited about China\u2019s consumption economy growth and accelerating profits in every aspect. We will keep focusing on delivering the best user experience and services through our innovative technologies as digitalizing the world as much as possible.\u201d<\/span><\/i> said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group.\u00a0<\/span><\/p>\n

The cloud business is the reason for Alibaba\u2019s growth and has made the company a popular eCommerce unicorn. The company has reported the highest revenue of $9.87 billion, which is more than 61% from the last year. The core commerce revenue was up by 62% and disclosed the bulk of total revenue.<\/span><\/p>\n

Business Highlights Incoming in the Second Quarter Ended June 30, 2021<\/b><\/h2>\n