The growth of Alibaba’s cloud business outpaced Amazon and Microsoft in the quarter ending in September, and the Chinese tech giant reiterated its commitment to making the unit profitable by next March.
Alibaba reported cloud computing brought in revenue of 14.89 billion yuan ($2.24 billion) in the three months ending Sept. 30. That’s a 60% year-on-year rise and its fastest rate of growth since the December quarter of 2019.
That was faster than Amazon Web Service’s 29% year-on-year revenue rise and Microsoft Azure’s 48% growth in the September quarter.
