Alibaba Cloud Business Making Inroads Globally

Alibaba Group Holdings reported its fourth-quarter fiscal 2019 financial results on Feb. 13, showing strong growth for the company's Alibaba Cloud division. While based in China with a large presence in Asia, Alibaba Cloud is a global cloud operator with 20 data center regions around the world, including the United States and Europe.For the fourth quarter, Alibaba reported cloud computing revenue of $1.54 billion, for a 62% year-over-year gain. According to Alibaba, growth is coming from both its public cloud and hybrid cloud businesses.The broader Alibaba Group also includes a large e-commerce platform that is now also running on Alibaba Cloud, after a transition that was completed during the fourth quarter. The e-commerce transition helped to enable the busiest shopping day of the year in China, which is known as 11.11 and generates more revenue for retailers than Black Friday in the U.S.