Chinese internet giant Alibaba Group has reported revenues from its cloud business of $ 710 m for Q1 to June 2018 , a 93 % increase on the previous year . Last week, it launched nine cloud products for the global market including Anti-Bot Service, Apsara Stack, and Machine Learning Platform for AI. The figures follow the recent launch of nine cloud products , including Cloud Stack , Machine Learning Platform for AI and Anti - Bot Cloud . However , Alibaba 's cloud investments prompted a decrease in its EBITA margins of $ 74 m for the business division . The figures also revealed core commerce as the lynchpin of the company , responsible for 67 % of its total $ 12.22bn revenue , and increasing 61 % in the quarter to $ 10.45bn .
Chinese internet giant Alibaba Group has reported revenues from its cloud business of $ 710 m for Q1 to June 2018 , a 93 % increase on the previous year . The figures follow the recent launch of nine cloud products , including Cloud Stack , Machine Learning Platform for AI and Anti - Bot Cloud . However , Alibaba 's cloud investments prompted a decrease in its EBITA margins of $ 74 m for the business division . The figures also revealed core commerce as the lynchpin of the company , responsible for 67 % of its total $ 12.22bn revenue , and increasing 61 % in the quarter to $ 10.45bn .