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John Miller, Softletter100

John Miller, Softletter100

Rick Chapman

Rick Chapman

Softletter100

Alibaba Q3 Cloud results customer spend grow 45%

Cloud Computing
Alibaba Cloud empowers the digital transformation of enterprises by providing comprehensive technology
solutions and services in the cloud for a wide range of industries. In the September quarter, cloud computing
revenue grew 60% year-over-year to RMB14,899 million (US$2,194 million), primarily driven by growth in
revenues from customers in the Internet, finance and retail industries.


Customers across all sizes and industries continued to enjoy our products and services. As of September 30,
2020, approximately 60% of A-share listed companies are customers of Alibaba Cloud, and their average
spending grew 45% year-over-year in September 2020.

“Alibaba had another strong quarter. We continued to help businesses recover and find new opportunities for
growth through digitalization in the post-pandemic landscape. The solid performance of our core commerce
and robust growth of Alibaba Cloud are the direct results of our commitment to value creation for
customers,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group.

“We remain focused on our three long-term growth engines – domestic consumption, cloud computing and data
intelligence, and globalization – to effectively capture opportunities from the ongoing changes in consumer
demand and acceleration of digitalization of businesses across our digital economy.”

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