Alibaba Cloud's future is still bright, despite US efforts to thwart its growth

Alibaba Cloud revenue grew 59% YoY to $1.7 billion for Q2 2020. China's cloud market still has considerable room to grow, which will help Alibaba build momentum in the face of potential US sanctions. Alibaba's cloud business helped the Chinese ecommerce giant post 34% year-over-year (YoY) revenue growth for thequarter ended June 30, 2020. Alibaba Cloud revenue grew 59% YoY to $12.3 billion yuan ($1.7 billion). The company — which offers infrastructure-as-a-service (IaaS) and platform-as-a-serv...