Alibaba Cloud market share grew by 7 percentage points as of the end of H1 2017 to 47.6% in China’s public cloud (IaaS) market, followed by Tencent, Kingsoft, China Telecom, and UCloud according to IDC.
Alibaba reported revenue growth of 60%, the highest growth rate since its IPO. They also reported very strong fiscal year revenue growth of 56% with annual non-GAAP free cash flow of approximately US$10 billion.
GMV transacted on Alibaba China retail marketplaces was RMB837 billion (US$126 billion), an increase of RMB164 billion (US$25 billion), or 24% year-over-year, with mobile GMV accounting for 75% of total GMV according to Alibaba.
Aliyun, Alibaba Group’s cloud computing services company, announced a search product, OpenSearch.
Recently, Aliyun and Acer cancelled the launch event for the latest smartphone. It is said that because of the obstruction from Google, the launch event had come to a temporary cancelation. Last Tuesday, Acer made an announcement that they were going to launch a new smartphone A800 with Aliyun mobile OS. Developed by Alibaba Group, […]