Alibaba's cloud revenues continue to skyrocket as the China-based cloud services provider (CSP) seeks to counter Amazon Web Services (AWS), Google Cloud Platform (GCP) and Microsoft Azure.Indeed, Alibaba's cloud revenues were US$1.1 billion for the quarter ended June 30, 2019, up 66 percent vs. the corresponding quarter last year, the company disclosed this morning.Alibaba launched 300 new cloud products and features during the quarter, mostly involving security, data intelligence and artificial intelligence (AI) applications, the company say.The next big bet involves Alibaba Cloud SaaS Accelerator, a solution and online marketplace that helps SaaS partners to build, launch and commercialize their offerings. The company announced the marketplace in the June 2019 quarter as a counter to AWS Marketplace.Quarterly revenue was US$16.7 billion, up 42 percent vs. the corresponding quarter last year. Net income of US$2.8 billion.
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