Ranked second in the global cloud computing, Alibaba Cloud revenue exceeds Google Cloud Computing

The speed of Alibaba's development has made foreign counterparts not to be underestimated.

Deutsche Bank report shows that in China's cloud computing market, Alibaba has become the dominant player, its scale is 10 times that of the second place, the annual net income forecast is higher than the Google Cloud platform, second only to Microsoft Azure . 72% of CIOs believe that cloud computing can significantly reduce IT spending, and Deutsche Bank expects the Chinese market to soon be close to the West.

Earlier in the fourth quarter of 2015 (the third quarter of fiscal 2016) released by Alibaba Group, Alibaba Cloud once again delivered outstanding transcripts with revenue of 819 million yuan, a year-on-year increase of 126%, for the third consecutive quarter. Three-digit year-on-year growth. Ma Yun has listed cloud computing as the core business of Ali in the next decade.

In the previous three quarters, cloud computing performance was listed in the financial report, achieving 82%, 106%, and 128% year-on-year growth respectively, surpassing Amazon AWS and Microsoft Azure, becoming the fastest growing cloud computing platform in the world.

In the financial report, Alibaba specifically mentioned that Alibaba Cloud broke a world record in October last year. In the Sort Benchmark, a ranking benchmarking competition founded by Jim Gray, the father of the database, Alibaba Cloud reduced the sorting time of 100TB data to 377 seconds, breaking the record previously maintained by researchers such as Microsoft and Yahoo.

In 2015, Alibaba Cloud helped Alibaba build the world's largest hybrid cloud practice, successfully running the core transactions of Taobao, Tmall, and Alipay in the form of public and private clouds. The double 11 system transaction created a peak of 14 seconds per second. Ten thousand pens, the payment peak reached 85,900 per second. In addition, Alibaba Cloud has helped China's largest TV station and China's largest railway ticketing system, 12306, successfully tackle the tough challenges.

According to SunTrust analyst Bob Peck, Alibaba Cloud will reach $1.2 billion by 2018 and account for 10% of Alibaba Group's total revenue in five years, becoming the new engine for Ali's future drive.

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