Alibaba Cloud's business revenue broke 10 billion last year _ market share 47.6%
On February 1st, Alibaba Group announced the third quarter financial report for the fiscal year 2018. The financial report disclosed that Ali's revenue in the quarter reached 83.28 billion yuan, a year-on-year increase of 56%. Among them, Alibaba Cloud's growth trend is relatively strong, cloud computing revenue increased by 104% year-on-year to 3.599 billion yuan.
It is understood that the cloud computing business has doubled its size for the 11th consecutive quarter. During the quarter, Alibaba Cloud launched 396 new products and functions, and cooperated with traditional companies such as Watsons China, Geely Automobile, and Beijing Capital International Airport.
The IDC report shows that Alibaba Cloud currently has a 47.6% market share in China's public cloud market and has become the largest platform and service (PAAS) supplier in the Chinese market. On a global scale, the Alibaba Cloud market is second only to Amazon AWS and Microsoft Azure, ranking the top three in the market.
In the innovation project, the Tmall Elf has sold millions in sales since its launch in June 2017. Users are highly viscous and have a customer retention rate of over 80%. In a top event in the field of machine reading comprehension initiated by Stanford University, Alibaba's IDST team launched a deep learning AI model, which scored higher than humans. For the first time, he has achieved success against humanity.
Alibaba Cloud has opened 34 Availability Zones in 17 locations worldwide. In October 2017, Alibaba “Dharma Institute†was established and plans to invest more than 100 billion yuan in basic scientific research and subversive technological innovation in the next three years.
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