Abstract: On the evening of May 4, Beijing time, Alibaba Group announced the fourth quarter of fiscal year 2018 and the full year financial results, the quarter (January 2018 to the end of March 2018) Ali Cloud revenue of 4.385 billion yuan, a year-on-year growth of 103%; In fiscal year 2018 (April 2017 to the end of March 2018), the revenue was 13.39 billion yuan, up 101% year on year.
On The evening of May 4, Beijing time, Alibaba Group announced its financial results for the fourth quarter and the full year of fiscal 2018. In the quarter (January 2018 to the end of March 2018), Alibaba Cloud revenue reached 4.385 billion yuan, up 103% year on year. In fiscal year 2018 (April 2017 to the end of March 2018), the revenue was 13.39 billion yuan, up 101% year on year.
Over the past three years, Aliyun has been expanding its market lead with triple-digit growth every quarter. By the end of the first half of 2017, research data obtained by IDC through sales and marketing channels showed that Ali Cloud’s market share in Cloud computing IaaS in China was 47.6%, almost the sum of all the followers in the market, and 5 times that of the second place in the market.
Ali Cloud was founded in 2009. At that time, Alibaba was facing extremely complex business and technical problems and moved from software purchase to technology research. The accumulated technical products and methodology created historical opportunities for the success of Ali Cloud.
After 18 years of development, Alibaba itself has become the best example of digital economy, and it has developed sound digital transformation technology and methodology in its own business scenarios. Faced with the challenges of digital transformation, large and medium-sized enterprises have turned to Ali Cloud to seek solutions.
According to financial reports, petrochina, Cathay Pacific Airways and Kuala Lumpur, the capital of Malaysia, are using aliyun to provide digital transformation solutions. Among them, Kuala Lumpur, the capital of Malaysia, is implementing Aliyun ET city Brain to assist in urban transportation, planning, environmental protection and other governance aspects.
Globally, Aliyun is expanding its advantages in the Chinese market to countries along the belt and Road initiative.
According to Gartner, Alibaba Cloud ranks third in global market share, just behind Amazon AWS and Microsoft Azure, and is collectively known as the “3A” of global cloud computing. As the only Chinese company, Aliyun has maintained triple-digit growth and is considered by Wall Street to be a strong challenger to Amazon and Microsoft.
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