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Some points that you might have missed out on:
Alicloud revenue after inter-segment elimination grew 4% year-over-year only. But if we look at their top line on a sequential basis, it has been dropping for four quarters straight prior. This quarter however, showed a 17% increase sequentially, breaking the quarterly downtrend and hitting an all time high for the quarter.
Non-Internet industries continued to improve, growing 28% year-over-year and contributing 58% of overall Cloud revenue. This means they are at the forefront of digitizing traditional industries, the demand for this will likely continue.
Alibaba Group is the world’s third largest and Asia Pacific’s largest Infrastructure-as-a-service provider by revenue.
Alibaba's Cloud businesses primarily generate revenue from the provision of public cloud services and hybrid cloud services to our domestic and international enterprise customers. There are more than 4 million paying customers, which include more than 60% of the...