Alibaba’s Q3 cloud revenue up 104 percent, hits $2.2 billion annual run rate

in Cloud, Industry News / by / on February 1, 2018 at 12:07 pm /

(Source: ZDNet) Alibaba’s cloud computing unit delivered fiscal third quarter revenue of $553 million, up 104 percent from a year ago as the company continues to launch services at a rapid clip. For the third quarter, Alibaba said it launched 396 new products and features and rolled out artificial intelligence tools throughout its portfolio.

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