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Alibaba Group’s cloud computing business continues on its growth momentum, clocking a 90 percent spike in revenue for the company’s second fiscal quarter, fuelled by higher value-added services and customer growth.
The Chinese internet giant said cloud revenue reached US$825 million for the quarter, during which it introduced more than 600 products and features across various areas such as big data analytics, security, Internet of Things (IoT), and artificial intelligence (AI).