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Alibaba Group’s cloud revenue has climbed 93 percent in its first quarter ended June 30, to hit US$710 million. The Chinese internet giant also points to Southeast Asia and South Asia as key targets of its international expansion, especially amidst the China-US tariff war.
Commenting on its cloud revenue for the quarter, Alibaba said growth was fuelled by adoption of its higher value-added service as well as growth in paying customers.
However, the business unit saw a US$74 million loss in adjusted EBITA margins, as the Chinese internet giant continued to make investments in its cloud footprint. Alibaba Cloud currently operates eight datacentre regions in China as well as 10 international datacentre regions, of which eight are located in Asia-Pacific including Singapore, Australia, Indonesia, and Malaysia. Worldwide, it has more than 1 million paying customers.