What?

Trefis is expecting Alibabas (NYSE: BABA) Cloud computing revenues are expected to grow from $ 5.65 billion in 2020 to approximately $ 9.3 billion in 2021 and to $ 12 billion in 2022.

Why?

We expect revenue growth to be driven by increasing demand for cloud computing and Alibaba’s investments in its data centers.

So what?

Cloud companies have usually been very lucrative for big tech companies like Amazon and Google. More growth in cloud operations could mean Alibaba’s profitability and stocks …

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