Although Alibaba’s cloud business contributed 9% of the company’s total revenue, generating $2.7 billion in the first three months alone, competition from other major players in the Chinese cloud market, such as Tencent and Baidu, has led Alibaba to reevaluate its strategic approach.
In addition to infrastructure-as-a-service, Alibaba Cloud offers private cloud solutions and artificial intelligence technologies, including its own large language model similar to GPT. However, the company faces tough competition in an industry flooded with similar offerings.
