Alibaba Cloud revenue grew 76% YoY to USD 1.2 billion, driven by increased average spending per customer. Targeting 2B models, Alibaba Cloud confidently prepares to compete in the global market.

In the fourth quarter, Alibaba revenue surged 51 percent year-on-year to CNY93.50 billion (USD 13.50 billion). Its revenue for the 2019 fiscal year topped at CNY 376.84 billion (USD 54.78 billion).

LI Feifei, the man who’s in charge of the database line of Ali Cloud, believes that the cloud-native database has a strong advantage in cloud computing time.

Being a regional No.1 IaaS and IUS provider, Alibaba Cloud is stretching its business map surrounding China and along with the Belt and Road Initiative path. The day to the world No.1 might come soon.

On Apr 23, 2019, the partner summit of China Unicom was held in Shanghai, Ali cloud, as the leading Chinese cloud computing service provider, joined the summit and showed its innovative solutions.

On Apr 17, 2017, Gartner, a famous research institution published the blockchain cloud service report for the world leading public cloud service providers. Ali cloud is the only Chinese technology company on the list.

Cloud service providers rush into the healthcare industry. With different characteristics, cloud service providers are expanding their business and intensifying their influence from different aspects in peace.

Comparing Ali Cloud with Amazon AWS in terms of revenue scale, there is a huge gap between these two cloud computing service providers.