Alibaba Cloud rises 128% in Q3

Alibaba Cloud has outpaced cloud service provider leaders with growth of 128 percent to reach US$221 million in Q3. However, AWS increased its lead, accounting for 32.2 percent of total spend, followed by Microsoft Azure with 17.3 percent and Google Cloud with 7.6percent, according to Canalys. Both Microsoft (up 115.6 percent) and Google (up 79.6 percent) grew faster than Amazon.

Global cloud infrastructure services expenditure increased 53.1 percent year on year to reach US$10 billion for the first time in Q.

“Alibaba has established itself as the largest e-commerce business in China and is starting to dominate the provision of cloud infrastructure services in the country,” said Daniel Liu, Research Analyst of Canalys.

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