Alibaba Group Holding Ltd’s US$3bil (RM12.40bil) cloud services arm is fast becoming an important driver of its global expansion.
The e-commerce giant widened its lead over Amazon.com Inc and Microsoft Corp in Asia’s cloud computing market in 2018, according to Gartner, which in turn helped it narrow its global gap with those two rivals. That’s helping Alibaba advance billionaire co-founder Jack Ma’s vision of earning half its revenue beyond China.
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