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Alibaba : on the hunt for second European data centre

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10/05/2017 | 12:16pm CEST

Chinese e-commerce giant Alibaba is scouting locations for a second European data centre to better compete in the cloud services market dominated by Amazon Web Services.

The first data centre was opened in Frankfurt last November - leading locations for the new data centre include London and somewhere in Sweden, it is reported.

The company currently has 14 data centres and has already announced new ones in Indonesia and Malaysia.

Alibaba held onto 2.6% of the cloud infrastructure services market in Q2, according to reports. The company is narrowing the gap with Google`s 5.9% share but falls far behind the 30.3% AWS market share.

JPMorgan analysts Alex Yao and Gokul Hariharan think the division could account for 15% of Alibaba revenues by 2021.

(c) 2017 Dar Al Sharq Press, Printing & Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( CNY)
Sales 2019 395 B
EBIT 2019 119 B
Net income 2019 71 699 M
Finance 2019 201 B
Yield 2019 -
P/E ratio 2019 46,08
P/E ratio 2020 31,89
EV / Sales 2019 7,74x
EV / Sales 2020 5,41x
Capitalization 3 256 B
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Number of Analysts 46
Average target price 1 517  CNY
Spread / Average Target 19%
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NameTitle
Yong Zhang Chief Executive Officer & Director
John Michael Evans President & Director
Yun Ma Executive Chairman
Wei Wu Chief Financial Officer
Jian Feng Zhang Chief Technology Officer
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