Alibaba cloud growth likely to accelerate, Barclays says

5 hours ago 1
Alibaba headquarter

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  • The growth in Alibaba's (NYSE:BABA) cloud computing unit is likely to accelerate it recently reported stronger-than-expected performance, investment firm Barclays said.
  • Shares rose 3% in late morning trading.
  • “We expect cloud revenue growth to continue to accelerate from 26% year-over-year in [the] June-quarter

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