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Home > Cloud Computing > Alibaba Cloud’s revenue increased 59%

Alibaba Cloud’s revenue increased 59%

Revenue from Alibaba Group’s cloud computing business in the quarter ended June 30, 2020 was US$1,747 million, an increase of 59 per cent compared to the same quarter of 2019

Julide Gamze Cecen by Julide Gamze Cecen
August 27, 2020
in Cloud Computing
1 min read
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Alibaba Cloud's revenue increased 59%
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Alibaba has announced the revenue of its cloud computing business. Alibaba Cloud’s revenue in the quarter ended June 30, 2020 was RMB12,345 million (US$1,747 million), an increase of 59% compared to RMB7,787 million in the same quarter of 2019, primarily driven by increased revenue contributions from both public cloud and hybrid cloud businesses.

Leading the APAC cloud computing market

Alibaba Cloud leads the Asia Pacific cloud computing market by developing technology and business solutions that enable the digital transformation of businesses across industries. Alibaba Cloud continues to expand and upgrade its PaaS offerings, such as data analytics and database management. According to the Transaction Processing Performance Council, AnalyticDB, our ultra-large-scale database, has been ranked the world’s fastest real-time data warehouse solution for the second straight year.

AnalyticDB allows businesses to perform real-time petabyte-level data analysis and has been widely adopted by businesses in different industries, including e-commerce, finance, logistics, public transportation, and entertainment.

See more Cloud Computing News


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Julide Gamze Cecen

Julide Gamze Cecen

Julide Gamze Cecen is the multimedia editor of the Cloud7 News. Julide is a solid Linux user, opensource and cybersecurity enthusiast and a front-end web application developer.

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