News on July 29, Alibaba released its 2021 fiscal year annual report. At the present, Alibaba’s revenue reached approximately 717.289 billion yuan for the 12 months ended March 31, 2021, a year-on-year increase of approximately 40%. Among them, cloud computing business revenue was 60.12 billion yuan, a year-on-year increase of 50%.
In terms of operating conditions, in fiscal 2021, Alibaba’s core business revenue was 621.146 billion yuan, a year-on-year increase of 42%; cloud computing business revenue was 60.12 billion yuan, a year-on-year increase of 50%; digital media and entertainment revenue was 31.186 billion yuan, a year-on-year increase of 7%.
Alibaba Cloud's business has maintained a strong growth momentum. According to data released by Gartner, the global cloud computing market will maintain rapid growth in 2020, with the IaaS market reaching 64.286 billion U.S. dollars, a year-on-year increase of 40.7%. Amazon, Microsoft and Alibaba Cloud rank the top three in the world. At the same time, Alibaba Cloud ranks first in the Asia-Pacific.
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