Alibaba’s cloud services business emerges as bright spot for tech giant amid slower growth in core e-commerce operations

Source: China – South China Morning PostAlibaba Group Holding’s cloud services business emerged as a bright spot in an otherwise sluggish December quarter for the Chinese e-commerce giant, which posted its slowest quarterly revenue growth since going public in 2014.The Hangzhou-based firm’s Alibaba Cloud unit, which is China’s largest cloud infrastructure services provider, operates in a major domestic market that is worth about 1 trillion yuan (US$158.1 billion) annually, said Daniel Zhang Yong, Alibaba’s chairman and chief…Read More

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