On the evening of May 22, Alibaba Group released its 2020 fiscal year results, with Ali Cloud's annual revenue breaking 40 billion yuan, up 62 percent from the previous year's 24.7 billion revenue, and strong results pushed Ali Cloud's valuation up to $77 billion.
According to the financial report, in the fiscal year 2020 (April 2019 to the end of March 2020), Alibaba cloud's revenue is 40.016 billion yuan. Compared with historical data, Alibaba disclosed cloud computing revenue for the first time in 2015. Alibaba cloud revenue in 2015 was 1.271 billion yuan, an increase of 31 times in six years.
In the fourth quarter of fiscal year 2020, Ali cloud revenue reached 12.2 billion yuan, a sharp increase in the month-on-month, the second consecutive quarterly revenue exceeded 10 billion mark. In its latest assessment, Morgan Stanley raised Ali's estimate to $77 billion, or about $540 billion. ranked fourth among chinese listed internet companies. The analysis believes that Alibaba technology investment initial results, cloud computing business occupies the Asia-Pacific and China market absolute leading position, Damo Yuan, Pingtou brother and other forward-looking technology layout full of stamina.
Since 2009, Alibaba has persisted in developing its own apsaradb cloud operating system, and with ten years of hard exploration, it has achieved a breakthrough from 0 to 1 in cloud computing in China. In the past two years, Alibaba has ushered in the big explosion period of hard core technology, realizing a comprehensive layout of chips, quantum computing, blockchain, IOT and other fields, and becoming a Chinese science and technology company with the widest technology layout and the thickest technology accumulation.
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.
At the national science and technology award conference held on January 10, 2020, Alibaba cloud was awarded two major awards: National Technology Invention Award and national science and technology progress award. This is the first time that Internet companies have won two awards at the same time. After Wang Jian, the founder, was elected as a member of the Chinese Academy of engineering, Alibaba cloud won another national award. Talent thickness determines technology thickness, and 60000 scientists and engineers form Alibaba's technology base. One third of Alibaba Group's 38 partners are from technical background, 60% of its 100000 employees are technical talents, among which dozens of scientists have won the honors of academician, top Association fellow, outstanding scientist, etc., including more than 10 ieeefellow and more than 30 internationally renowned university professors.
Alibaba's AI call scale has exceeded 1 trillion times a day, serving 1 billion people around the world. In the chip field, Flathead has been established for more than one year, and has successively launched three products, including the world's leading AI reasoning chip, including the light 800, and a complete stack chip family. Ant financial takes the lead in blockchain, database, risk control security and credit intelligent decision-making technology; in 2019, the number of global open patent applications topped the list for the third consecutive year, exceeding the sum of 2 and 3; its independently developed database oceanbase once again broke the world record held by itself, and its performance has increased by 11 times in a few months.