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Alibaba's cloud base doubled in just 12 months (BABA)

This story was delivered to BI Intelligence Apps and Platforms Briefing subscribers. To learn more and subscribe, please click here. Alibaba’s Q2 2017 (ended June 30) results showed better-than-expected growth, in part driven by its cloud business. The number of paying customers for Alibaba’s cloud business nearly doubled from the year prior, to surpass 1 million during the quarter, up from 557,000 in Q2 2016.
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