On the evening of May 22, Alibaba Group released its 2020 fiscal year results. Alibaba Cloud's annual revenue exceeded 40 billion yuan, a 62% jump from the previous year's 24.7 billion revenue. The strong performance pushed Alibaba Cloud's valuation to US$77 billion.

2024/06/2400:56:32 hotcomm 1458

Source: Global Network

html On the evening of May 22, Alibaba Group released its 2020 fiscal year results. Alibaba Cloud 's revenue in 3 years exceeded 40 billion yuan, a 62% jump from the previous year's 24.7 billion revenue. Strong performance drove Alibaba Cloud's valuation to rise. to $77 billion. Alibaba’s technology strategy has come to fruition and it has become one of the world’s top high-tech companies.

On the evening of May 22, Alibaba Group released its 2020 fiscal year results. Alibaba Cloud's annual revenue exceeded 40 billion yuan, a 62% jump from the previous year's 24.7 billion revenue. The strong performance pushed Alibaba Cloud's valuation to US$77 billion. - DayDayNews

’s financial report shows that in the 2020 fiscal year (April 2019 to the end of March 2020), Alibaba Cloud’s revenue was 40.016 billion yuan. Comparing historical data, Alibaba disclosed cloud computing revenue for the first time in fiscal year 2015. Alibaba Cloud's revenue that year was 1.271 billion yuan, and now its annual revenue is 40 billion yuan, an increase of 31 times in six years.

In the fourth quarter of fiscal year 2020, Alibaba Cloud's revenue reached 12.2 billion yuan, a significant increase from the previous quarter. Single-quarter revenue exceeded the 10 billion mark for the second consecutive quarter. During the quarter, the resumption of work in response to the epidemic set off a new wave of enterprise digitalization. Alibaba Cloud provided technical capabilities to the government and more enterprises, promoting rapid growth in business scale against the trend.

In the latest assessment, Morgan Stanley raised Alibaba Cloud’s valuation to US$77 billion, approximately 540 billion yuan. This valuation is more than twice that of Baidu, ranking fourth among listed Internet companies in China. Analysts believe that the cloud computing industry is winner-takes-all. Alibaba Cloud occupies the absolute leading position in the Asia-Pacific and Chinese markets and has huge market potential.

On the evening of May 22, Alibaba Group released its 2020 fiscal year results. Alibaba Cloud's annual revenue exceeded 40 billion yuan, a 62% jump from the previous year's 24.7 billion revenue. The strong performance pushed Alibaba Cloud's valuation to US$77 billion. - DayDayNews

Gartner data shows that Alibaba Cloud ranks first in the Asia-Pacific market, with its share rising to 28% in 2019, approaching the sum of Amazon and Microsoft . According to Canalys, Alibaba Cloud ranks first in the Chinese market, with a market share of 46.4%. Among industry segments, Alibaba Cloud ranks first in the retail, government, and financial industries, with a market share of over 50% in the retail and financial industries.

stated in its financial report that investing in technology and new infrastructure is the strategic focus of Alibaba Cloud. It will continue to expand its market leadership through investment in core basic technologies and cloud infrastructure. Not long ago, Alibaba Cloud announced that it will invest another 200 billion in three years to increase the research and development of major core technologies and the construction of future-oriented data centers to build the world's largest cloud infrastructure.

hotcomm

Before death, from sadness to reluctance and then to relief, in just a few dozen seconds, the eyes changed many levels: I saw my father falling into the clutches of the devil to save me, and passed on the ten rings before his death. - DayDayNews

Before death, from sadness to reluctance and then to relief, in just a few dozen seconds, the eyes changed many levels: I saw my father falling into the clutches of the devil to save me, and passed on the ten rings before his death.

"Asia's No. 1 Electric Eye", is there any objection now?

06/28 1872

He once again appeared at the National Center for the Performing Arts and sang loudly; his first single was highly praised and appeared on the hot search and music charts; his new film "Sarilang on the Prairie" was called by Dong Hao's father; many hit movies have been collaborat - DayDayNews

He once again appeared at the National Center for the Performing Arts and sang loudly; his first single was highly praised and appeared on the hot search and music charts; his new film "Sarilang on the Prairie" was called by Dong Hao's father; many hit movies have been collaborat

"Fresh Meat" actor Chen Ruoyao plays with various styles in the latest magazine blockbuster

06/28 1540

In 2017, Hui Yinghong's "Lucky Me" and "Blood Guanyin" caused a sensation. When she went to the United States to receive the award, she held a charity fundraiser in New York. At that time, Hui Yinghong, 57 years old, was still single and childless, but there was someone she could - DayDayNews

In 2017, Hui Yinghong's "Lucky Me" and "Blood Guanyin" caused a sensation. When she went to the United States to receive the award, she held a charity fundraiser in New York. At that time, Hui Yinghong, 57 years old, was still single and childless, but there was someone she could

Hui Yinghong: After being a beggar for 10 years, she committed suicide due to depression at the age of 40. She has been waiting for her first love for 50 years and still has no husband or children.

06/28 1650

On September 21, 2018, the day the Central Steering Group 36 entered Luteng City, Zhongjiang Province, Xue Mei, who had been complaining for her missing husband for 14 years to no avail, recorded video materials and knelt in the middle of the road to stop a car and complain. - DayDayNews

On September 21, 2018, the day the Central Steering Group 36 entered Luteng City, Zhongjiang Province, Xue Mei, who had been complaining for her missing husband for 14 years to no avail, recorded video materials and knelt in the middle of the road to stop a car and complain.

On a large scale, Sun Honglei's "Anti-Gangster Storm" was supported by CCTV: It is imperative to eradicate gangsters and eliminate evil

06/28 1996

The anti-construction church is no stranger to many "old Chongqing people". All the way from Zhongshan into the city, a Chinese and Western-style two-story brick and wood structure standing near the Qixinggang Guanyinyan Bus Station is the anti-construction church. - DayDayNews

The anti-construction church is no stranger to many "old Chongqing people". All the way from Zhongshan into the city, a Chinese and Western-style two-story brick and wood structure standing near the Qixinggang Guanyinyan Bus Station is the anti-construction church.

Why is the “golden age of Chinese drama” in Chongqing? Come to Kangjian Church to find answers

06/28 1603

Text: The Sweetheart's "Charlotte Troubles" and "The Richest Man in Xihong City" are still in my mind. On the first day of this year's New Year, "Crazy Alien" and "Flying Life" starring Shen Teng were released at the same time. It shined throughout the Spring Festival and became - DayDayNews

Text: The Sweetheart's "Charlotte Troubles" and "The Richest Man in Xihong City" are still in my mind. On the first day of this year's New Year, "Crazy Alien" and "Flying Life" starring Shen Teng were released at the same time. It shined throughout the Spring Festival and became

Shen Teng: "There used to be only 4 viewers in a play." The hardest years were the golden years.

06/28 1792

Thinking about how happy I was to be able to watch TV as a child, and it was really good to watch, it can be said that the TV series in the late 1990s and early 2000s were really golden TV series. The memories of my childhood are so different from those of the later TV series tha - DayDayNews

Thinking about how happy I was to be able to watch TV as a child, and it was really good to watch, it can be said that the TV series in the late 1990s and early 2000s were really golden TV series. The memories of my childhood are so different from those of the later TV series tha

The TV series I used to watch when I was a kid feel like the golden years

06/28 1725

Cultural materials belonging to the last ten, twenty or even thirty years are once again on the table and are being re-examined and digested by us. What does it mean when most people focus more on the past than on the "present" or "future"? - DayDayNews

Cultural materials belonging to the last ten, twenty or even thirty years are once again on the table and are being re-examined and digested by us. What does it mean when most people focus more on the past than on the "present" or "future"?

Why has nostalgia become a trend? Psychologist: When people lack happiness, they will long for the past

06/28 1415

U.S. stock market: U.S. stocks closed slightly higher on Monday Eastern Time, with all three major indexes setting new intraday and closing record highs. As of the close, the Dow closed up 82.76 points, or 0.24%, to 35144.31 points; - DayDayNews

U.S. stock market: U.S. stocks closed slightly higher on Monday Eastern Time, with all three major indexes setting new intraday and closing record highs. As of the close, the Dow closed up 82.76 points, or 0.24%, to 35144.31 points;

Overnight external trading: The three major U.S. stock indexes closed slightly higher, and Chinese concept stocks in the education sector continued their decline.

06/28 1012

Financial Associated Press (Shanghai, Editor Shi Zhengcheng) News: Before the market opened on Tuesday, as many officials from the Federal Reserve continued to state that "inflation is only temporary," the U.S. dollar index fell to its lowest point of the year. The three major fu - DayDayNews

Financial Associated Press (Shanghai, Editor Shi Zhengcheng) News: Before the market opened on Tuesday, as many officials from the Federal Reserve continued to state that "inflation is only temporary," the U.S. dollar index fell to its lowest point of the year. The three major fu

U.S. stock market pre-market: The U.S. dollar index fell to its lowest level this year, and the three major futures indexes continued their upward trend.

06/28 1472