Alibaba sales growth soars into the cloud

ACCESS TO GATEKEEPERS: Alibaba Group Holding Ltd may be making its debut on Wall Street later this summer, but it's certainly no stranger to the investors of Silicon Valley. — Reuters

BEIJING: Chinese e-commerce giant Alibaba’s sales soared 55% in the last quarter, thanks in part to a more than doubling of revenue from cloud computing, the company said. 

Alibaba’s quarter earnings report also showed a rise in use despite a slowing economy in China.