Alibaba cloud division to be profitable within FY2021: CFO
Alibaba cloud division to be profitable within FY2021: CFO
HONG KONG (Reuters) - Chinese tech giant Alibaba's cloud unit expects to be profitable within 2021, a senior executive said on Wednesday.
Maggie Wu, chief financial officer of Alibaba, made the remarks at an livestreamed investor day event.
The company, a dominant player in China's cloud market, is fending off challenge from domestic rival Tencent <0700.HK> which is also trying to capture cloud business opportunities.
Alibaba has said it would invest 200 billion yuan ($29.36 billion) in its cloud infrastructure over three years.
In the June quarter, Alibaba's cloud computing revenue grew 59% from a year earlier to 12,345 million yuan on higher revenue contribution from its public cloud and hybrid cloud businesses.
Cainiao, Alibaba's logistics unit, will likely see operating cash flow turn positive in fiscal year 2021, Wu added.
(Reporting by Pei Li and Josh Horwitz; Editing by Himani Sarkar)
HONG KONG (Reuters) - Chinese tech giant Alibaba's cloud unit expects to be profitable within 2021, a senior executive said on Wednesday.
路透香港8月23日-中國科技巨頭阿里巴巴的一位高管週三表示,預計2021年內雲部門將實現盈利。
Maggie Wu, chief financial officer of Alibaba, made the remarks at an livestreamed investor day event.
阿里巴巴首席財務官吳亦凡(Maggie Wu)在一次直播的投資者日活動上發表了上述言論。
The company, a dominant player in China's cloud market, is fending off challenge from domestic rival Tencent <0700.HK> which is also trying to capture cloud business opportunities.
作為中國雲市場的主導者,騰訊正在抵禦國內競爭對手騰訊(Tencent)的挑戰,騰訊也在努力捕捉雲商機。
Alibaba has said it would invest 200 billion yuan ($29.36 billion) in its cloud infrastructure over three years.
阿里巴巴曾表示,將在三年內向其雲基礎設施投資2000億元人民幣(合293.6億美元)。
In the June quarter, Alibaba's cloud computing revenue grew 59% from a year earlier to 12,345 million yuan on higher revenue contribution from its public cloud and hybrid cloud businesses.
在6月份這個季度,阿里巴巴的雲計算收入同比增長59%,達到123.45億元,原因是其公共雲和混合雲業務的收入貢獻增加。
Cainiao, Alibaba's logistics unit, will likely see operating cash flow turn positive in fiscal year 2021, Wu added.
吳補充説,菜鳥,阿里巴巴的物流部門,可能會在2021財年看到運營現金流轉為正數。
(Reporting by Pei Li and Josh Horwitz; Editing by Himani Sarkar)
(Pei Li和Josh Horwitz報道;Himani Sarkar編輯)
譯文內容由第三人軟體翻譯。
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