To reinvigorate the business, Alibaba’s executives said they are prioritizing public cloud services, which are easier to scale up than the independent projects the Cloud Intelligence Group had been pursuing. “Growth has slowed to low single digits, and it can’t get as much of a boost from artificial intelligence now.” “Alibaba’s cloud computing unit is in an awkward position,” says Ke Yan, head of research at Singapore-based DZT Research. Restoring its former trajectory of double-digit revenue increases proved to be challenging, as competition from rivals such as Huawei and Tencent, as well as slowing corporate spending on information technology amid China’s economic downturn all sapped momentum.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |