This Top Analyst Remains Bullish On Alibaba Group Holding Ltd (BABA) Following Public Sales …

With AliCloud seeking to become a real competitor in North America, Baird’s top analyst Colin Sebastian weighs in on Alibaba Group Holding Ltd (NYSE:BABA). The analyst recently attended a public sales meeting with Alibaba Cloud, which provided further details into the company’s cloud strategy, including expansion plans into North America. Alibaba’s cloud service is currently the single largest public cloud vendor in China. The service boasts more than 2.3 million users and offers more than 70 cloud services across computing, storage, databases, analytics, networking, messaging, machine learning and mobile. Alibaba maintains an approximate 45% market share in China and international market growth Is expected to become increasingly important, according to Sebastian. The closest international substitute to AliCloud is Amazon’s AWS. Alibaba is currently marketing their cloud as a service comparable to…


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