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Alibaba’s cloud business has crossed 1 million paying customers for the first time in its latest quarter, where revenue for the unit climbs 96 percent to hit 2.43 billion yuan (US$359 million).
For the quarter ended June 30, the Chinese internet giant said it saw an increase of 137,000 paying cloud customers, pushing its total customer base to 1.01 million. This fuelled overall growth for the business unit as well as improved mix of revenue from higher value-added services, which further drove up ARPU (average revenue per user), Alibaba said in a statement Thursday.
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