The odds might not be in favor of Chinese tech behemoth Alibaba (NYSE:BABA) right now, but the tides may turn soon. Its recent $1 billion investment in its cloud business might help Alibaba balance the e-commerce woes until the latter gets back on its feet again. Given that over the past few years, Alibaba’s cloud business has quickly emerged as a major revenue driver, emphasis on this business may help solve some problems for the company. It is worth noting here that Alibaba Cloud was the world's third-largest provider of public cloud service, as of 2021.
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Alibaba (NYSE:BABA)
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