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Aliyun’s Financial Report Half Year released

Aliyun’s Financial Report Half Year just released. Aliyun(Alibaba Cloud or AliCloud)’s first-half revenue rose 58.3% year on year to 24.562 billion yuan in the first half of the year, according to the Alibaba’s financial results in Q1 along with Aliyun’s financial in the first half of the year released yesterday.

Data shows that in the first half of 2020, Aliyun achieved a total revenue of 24.562 billion yuan, which is a significant increase from 15.513 billion yuan in the same period last year. Compared with the data of the last five years, the revenue of Aliyun in the first half of 2016 was 2.309 billion yuan, and it reached 24.562 billion yuan in 2020, which means more than 10 times increasement in five years. Up to the current quarter, Aliyun has had three consecutive quarters of revenue exceeding 10 billion yuan, with the current quarterly revenue reaching 12.345 billion yuan, up 59 percent year-on-year. In the global cloud computing 3A (Amazon AWS, Microsoft Azure and Aliyun) camp, Aliyun continues to lead the growth.

Aliyun’s Financial Report Shows

Aliyun reported that the rapid revenue growth in the quarter mainly owed a good deal to its public and hybrid cloud businesses, reflecting average revenue growth from per customer. In the fields of finance, retail, public service and Internet, Aliyun has all achieved the leading position of the first in the market, and its share is continuing to grow.

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Jack Chan

Pre Editor in chief of FirmKnow News.
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