Part 5/11:
In addition to e-commerce, Alibaba operates a vast array of businesses, including Cainiao Logistics, Youku (a Chinese equivalent of YouTube), and Alibaba Cloud (Aliyun). Alibaba Cloud is China’s leading cloud services provider, holding over 33% of the market share as of 2024. Despite its dominant position domestically, Alibaba Cloud remains a smaller player globally, with just 4% of the worldwide cloud market, trailing behind AWS, Microsoft Azure, and Google Cloud.
The company has also emphasized its role in artificial intelligence (AI), being designated as a national champion of AI since 2018. The Chinese government's push to develop AI technology aligns with Alibaba's strategic investments in this space, signaling a future where data, AI, and cloud computing are central to its growth.