Alibaba Cloud Boasts 104 Percent Growth
Chinese e-commerce and technology giant Alibaba announced its financial results for the quarter that ended December 31, 2017. In the report, Alibaba disclosed that it had generated cloud computing revenue of RMB3,599 million (US$553 million) for the quarter. That’s a 104% year-over-year increase from the same quarter in the previous year. In the report, Alibaba…