Business Chief Europe Magazine June 2019 | Page 49

CLICK TO WATCH : ‘ ALIBABA CLOUD : MORE THAN JUST CLOUD ’ 49
In many ways , you would be hardpressed to find an industry vertical where Alibaba Group isn ’ t within reach . Whether you ’ re interested in retail , hospitality , IT , or fintech , the Chinese conglomerate is omnipresent . By leveraging its tried-and-test experience in these fields , Wang contends that Alibaba Cloud can show , not just tell , its customers how to digitally transform their industries . “ At an infrastructure level , we can prove we ’ re reliable ,” explains Wang . “ Today , Alibaba Group manages more than 1trn
US dollars every year and 60-70 % of this business is managed on the cloud . Recently we ’ ve made a strong commitment that we will migrate 100 % to the cloud over the next couple of years .” With over $ 39.9bn in revenue bagged in its last fiscal year , this is no mean feat . With this in mind , Alibaba Cloud doesn ’ t just support the Group ’ s business , it serves as a clear demonstration to its customers of what its technology can do .
Overlooking the bustling streets of Covent Garden , it seems that Alibaba
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