Alibaba Cloud, the cloud-computing arm of Alibaba, is one of the internet giant’s most successful business units. Maintaining robust growth momentum, the nine-year-old unit recorded a revenue of RMB 4.7 billion ($710 million) in June quarter of 2018, a 93% YoY jump driven by higher value-added products and services and robust growth in paying customers.

In line with Alibaba’s globalization strategy, Alibaba Cloud sped up its expansion to overseas markets three years ago and what the company has achieved so far is quite impressive. The service now has 49 availability zones across 18 economic centers globally, with coverage extending across mainland China, Hong Kong, Singapore, Malaysia, Indonesia, India, Japan, Australia, the Middle East, the European Union, and the US.

But the company has bigger plans for the global market. Simon Hu, President of Alibaba Cloud, projects their local and overseas businesses to make up half their total business each. “We haven’t reached that yet, but it’s a goal we are fast approaching,” Hu told TechNode at The Computing Conference held in Hangzhou.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.