Last year, Alibaba Group restructured its cloud computing arm in an effort to make Alibaba Cloud its “main business” in the future. AliCloud grew 84 percent year over year in the most recent quarter.
The research firm MTN Consulting said that Alibaba’s cloud computing business is rapidly becoming the group's “most ambitious venture,” as it boosts its overseas investments and refocuses on R&D.
The Data Lakes Analytics service helps customers that need cloud-native analytics and need to turn raw data into real-time insights.
Alibaba Group’s CEO said that cloud computing will be its “main business” in the future — following closely in Amazon’s footsteps.
The blockchain service is based on the Linux Foundation’s Hyperledger Fabric and the Alibaba Group financial affiliate’s blockchain platform.
GlobalData predicts that an “insatiable trend” of cloud provider product launches will grow the cloud services market in the Asia-Pacific region to $55.3 billion in 2022.
Under the partnership, Alibaba Cloud will offer VMware’s hybrid cloud software on its cloud infrastructure.
Jack Ma is retiring to focus on philanthropic efforts in education. Current CEO Daniel Zhang will take over Ma’s role as chairman of the board.
Alibaba Cloud’s continued growth puts it in direct competition with Microsoft Azure and Google Cloud Platform.
China Unicom will leverage the cloud prowess of Alibaba to offer cloud and IT services for government and enterprises as Google potentially makes a play to take cloud share from Alibaba in China.