News Snapshot:
Alibaba Group Holding ’s cloud services business emerged as a bright spot in an otherwise sluggish December quarter for the Chinese e-commerce giant, which posted its slowest quarterly revenue growth since going public in 2014 . The Hangzhou-based firm’s Alibaba Cloud unit, which is China’s largest cloud infrastructure services provider, operates in a major domestic market that is worth about 1 trillion yuan (US$158.1 billion) annually, said Daniel Zhang Yong, Alibaba’s chairman and chief executive, in a conference call with analysts on Thursday. In the three months ended December 31, Alibaba Cloud revenue totalled 19.54 billion yuan, up 20 per...
