Alibaba’s Cloud Segment Is Red Hot

Alibaba’s revenue has grown over 50% in each of the past eight quarters, mainly thanks to its core e-commerce businesses. But for fiscal year 2019, Alibaba said it expects its revenue to grow by a stunning 60%, with its cloud computing business and e-commerce business being the two biggest growth drivers.

Link: Alibaba’s Cloud Segment Is Red Hot
via http://www.fool.com

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