Alibaba to Invest $28 Billion in Cloud Computing Over 3 Years [TheStreet.com]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: TheStreet.com
Alibaba Group(BABAGet ReportThe Chinese tech giant, which also has online wholesale and retail marketplaces and other businesses, showed the fastest growth of all global cloud-service providers in first-half 2019, with revenue soaring 69% from a year earlier, according to market research firm IDC.But Alibaba didn’t make the top five in a Synergy Research Group ranking of global market share for cloud companies in the third quarter of 2019.AmazonAMZNMSFTGOOGLCRMIBMBut Alibaba is No. 1 in China. It said the new investment will focus on operating systems, servers, chips and networks. The coronavirus pandemic sparked the move, it said.The pandemic has “posed additional stress on the overall economy across sectors, but it also steers us to put more focus on the digital economy,” Jeff Zhang, president of Alibaba Cloud Intelligence, said in a statement.Alibaba warned in February that the coronavirus, which began in China, was causing it trouble. “We are being tested,” Alibaba Chief Executive
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BABA
Earnings
- 8/15/24 - Beat
BABA
Sec Filings
- 10/4/24 - Form 6-K
- 10/2/24 - Form 6-K
- 9/27/24 - Form 6-K
- BABA's page on the SEC website