Alibaba may have pioneered the concept of Singles’ Day, the world’s largest shopping day based on sales, but it very much not the only e-commerce giant involved. JD.com, Alibaba’s biggest rival in China, just announced that it sold RMB 159.8 billion ($23 billion) in goods for its Singles’ Day campaign. Unlike Alibaba, which racked up $31 billion […]
View More Alibaba rival JD sees Singles’ Day revenue jump 27% thanks to offline pushCategory: Alibaba Cloud
Alibaba shrugs off China concerns as revenue jumps 61%
Tencent had an unexpected miss this week, but Chinese rival Alibaba experienced no such issue today as it beat analyst expectation after clocking 61 percent annual revenue growth. The Chinese e-commerce giant reported total sales of 80.92 billion RMB ($12.2 billion) for its Q1 2019, fractionally beating Bloomberg’s estimate of 80.88 billion RMB. The firm record […]
View More Alibaba shrugs off China concerns as revenue jumps 61%Cloud Foundry Foundation looks east as Alibaba joins as a gold member
Cloud Foundry is among the most successful open source project in the enterprise right now. It’s a cloud-agnostic platform-as-a-service offering that helps businesses develop and run their software more efficiently. In many enterprises, it’s now the standard platform for writing new applications. Indeed, half of the Fortune 500 companies now use it in one form […]
View More Cloud Foundry Foundation looks east as Alibaba joins as a gold memberAlibaba Cloud growing like gangbusters, but still far behind AWS and other market leaders
Last week Chinese eCommerce giant Alibaba announced its its Q3 earnings. Cloud revenue was $553 million, an impressive 104 percent year-over-year increase. That comes out to a run rate in the range of $2.2 billion, well behind Google which announ…
View More Alibaba Cloud growing like gangbusters, but still far behind AWS and other market leadersAlibaba Cloud is opening its first data center in India
Alibaba is bringing its cloud computing business into India as it continues to expand its first-growing business unit.
The Chinese firm said today that its first data center on Indian soil will come online in January and be based out of Mumbai. The business already has clients in India, but a local presence will allow it to better service customers in the country, it added.
Beyond offering… Read More
Another blockbuster quarter for Alibaba as revenue surges 61%
Alibaba’s stellar financial performance continues unabated after the Chinese e-commerce giant again beat analyst expectations thanks to impressive growth in its core business at home. The firm reported total revenue of RMB 55.1 billion ($8.3 billion), beating expectations of RMB 52.2 billion according to a Reuters poll with 61 percent growth. Net profit for the period increased by… Read More