Alibaba Group Holding Limited (NASDAQ: BABA) reported Tuesday with mixed results for the June quarter, Sending its US listed stocks down.

The cloud computing segment, touted as a key business for the Chinese e-commerce giant, saw further slowdown in growth in the quarter. Here’s a look at how the business has fared compared to the company’s US rivals:

Alibaba’s cloud sales are declining sequentially: Alibaba said its cloud computing business had revenue of $ 2.49 billion in the June quarter, accounting for 8% of the company’s total revenue.

The performance of the June quarter was an increase of 29% compared to the same period last year, but a decrease of 2.7% compared to the previous quarter.

The year-over-year growth in the cloud business was primarily driven by robust revenue growth with customers in the internet, financial services and retail sectors.

The year-on-year growth began to weaken from the March quarter, as a top cloud customer, allegedly TikTok mom ByteDance made use of Alibabas …



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