Market News / Story
Key facts: Alibaba (BABA) targets 20+ GW cloud; Q3 cloud rev +53%
·
Alibaba (BABA): Alibaba Cloud aims for 20+ GW global data-center capacity by 2032 to meet AI compute demand; Citi says this could enable over $160 billion in external cloud revenue potential. Alibaba (BABA) expected Q3: Alibaba Cloud revenue +53% YoY, external cloud +60%, cloud EBITA margin ~12%. AI Labs loss ~RMB11B; AliCloud+AI Labs may hit breakeven in Q4. Alibaba (BABA) will open cloud regions in Turkey, Finland and the Netherlands and boost cloud capacity in…