Alibaba Pushes Its Cloud Unit Globally As It Trounces Amazon in Asia
- Chinese web giant will continue cloud investment abroad
- Alibaba Cloud won largest market share in Asia, Gartner says
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Alibaba Group Holding Ltd.’s $3 billion cloud services arm is fast becoming an important driver of its global expansion.
The e-commerce giant widened its lead over Amazon.com Inc. and Microsoft Corp. in Asia’s cloud computing market in 2018, according to Gartner, which in turn helped it narrow its global gap with those two rivals. That’s helping Alibaba advance billionaire co-founder Jack Ma’s vision of earning half its revenue beyond China.