On the evening of May 22, Alibaba group released its financial year 2020 results. Alibaba cloud's annual revenue exceeded 40 billion yuan, a 62% jump over the previous year's revenue of 24.7 billion yuan. The strong performance pushed Alibaba cloud's valuation up to 77 billion dollars. Alibaba's technology strategy blossoms and bears fruit, ranking among the world's top high-tech companies.
Earnings show that in the 2020 fiscal year (April 2019 to the end of March 2020), Ali cloud revenue of 40016 billion yuan. Compared to historical data, Alibaba first disclosed cloud computing revenue in fiscal year 2015, Ali cloud revenue of 1.271 billion yuan in that year, to the current annual revenue of 40 billion yuan, up 31 times in six years.
In the fourth quarter of fiscal year 2020, Alibaba cloud's revenue reached 12.2 billion yuan, a substantial increase on a month on month basis, and its single quarter revenue exceeded the 10 billion mark for the second consecutive quarter. In the quarter, the resumption of anti epidemic work set off a new wave of enterprise digitalization. Alibaba cloud provides technical capabilities for the government and more enterprises, and promotes the rapid growth of business scale against the trend.
In its latest assessment, Morgan Stanley raised Ali's estimate to $77 billion, or about $540 billion. The valuation is more than twice that of Baidu and ranks fourth among Chinese-listed Internet companies. Analysts believe that the cloud computing industry winner-take-all (Winner Takes All), the Asia-Pacific and China market absolute leading position, the market potential is huge.
According to Gartner, Alibaba cloud ranks first in the Asia Pacific market, with its share rising to 28% in 2019, close to the sum of Amazon and Microsoft. In addition, according to canalys, Alibaba cloud ranks first in the Chinese market with a market share of 46.4%. In the segment industry, Alibaba cloud ranks first in the retail, government affairs, finance and other industry markets, among which the market share of retail and finance industry exceeds 50%.
Investment technology, investment in new infrastructure is the strategic focus of Ali Cloud, through core infrastructure technology and cloud infrastructure investment, continue to expand the market leadership. Not long ago, Ali Yun announced a three-year investment of 200 billion, plus major core technology research and development and future-oriented data center construction, sprinting to the world's largest cloud infrastructure.