29 September, 2017
Guess Who’s King Of Cloud Revenue Growth? It’s Not Amazon Or Microsoft
When it comes to revenue growth in one key cloud computing sector, the top ranking doesn’t belong to any of the big three U.S. cloud companies—Amazon, Microsoft, or Google. Instead, China’s Alibaba led the list with worldwide cloud revenue more than doubling last year.
Alibaba’s cloud sales soared 126.5% to $675 million last year from $298 million in 2015, according to market research firm Gartner. Alibaba (BABA, +1.49%) is a dominant force in China, but it also is ramping up its Aliyun cloud effort in North America and other markets.