Alibaba Group Holdings Limited (NYSE:BABA) reported mixed results for its December quarter, sending its shares lower Thursday. Here's a look at how the company's cloud business did vis-à-vis the competition.
Alibaba's Cloud Growth Slows: Alibaba's December quarter cloud revenues came in at $3.07 billion, or roughly 5% of its total revenues of $38.07 billion. Cloud revenues grew 27% year-over-year, slowing from the 33% rate in the September quarter.
