Alibaba’s venturing out into cloud computing has risen its own level in the e-commerce game. This Chinese e-commerce giant is beating its quarterly revenues. It beat its fourth-quarter revenue beyond expectations. Therefore maintaining its position and beating its revenues.
Alibaba Group Holding:
Some of Alibaba’s most significant businesses are, Aliexpree, Taomao, Tmall, Alibaba.com, Alimama, and Alibaba Cloud.
There is a 51% increase in Alibaba group’s January-March revenue. It is 93.50 billion yuan when the estimation was 91.58 billion yuan.
Alibaba is standing in a good position but its growth rates that are top line are slowing down. It’s investors are feeling extremely happy for its performance. It is now also selling promotional services like advertising services to various consumers and merchants. It is operating through its e-commerce sites Tmall and Taobao. But, its main feature in cloud computing. This is fetching Alibaba good revenue.
Alibaba also owns more than 100 supermarkets under the Hema division. In the fourth quarter, Alibaba’s cloud computing registered 76% growth. The cloud computing market is rising all across the globe. Therefore, giving a massive scope to businesses to explore and expand. Alibaba is ranking the highest in China today in terms of cloud technology.
Alibaba is also selling technology services to offline retailers. Therefore, this is a growing AliExpress.
Cloud computing benefits:
- Serverless computing making it effortless
- Strengthening artificial intelligence
- The hybrid cloud concept
- Increased job opportunities like cloud engineer and cloud architect
- Precise data mining and analytics
Cloud technology is providing irresistible opportunities for growth and expansion. Therefore, proving Alibaba’s moves right. It is the right step in the right direction at the right time.