Alibaba Group Holding Ltd (NYSE:BABA)’s success brought the company to cloud-level altitudes, as the e-commerce mammoth pursues the sphere of software engineering. Its stock price increased 4% in the course of the last 5 days, mostly due to the markets getting a healthier aspect and partly due to the news. The new business has brave ambitions as it released YunOS on Koninklijke Philips NV (ADR) (NYSE:PHG) devices, according to Bloomberg.
Obviously Alibaba Group Holding Ltd (NYSE:BABA)’s chances of reaching the power of Google Inc (NASDAQ:GOOGL) in the handset market are quite slim. Taking it a bit further, they seem even quite bulimic, as Koninklijke Philips NV (ADR) (NYSE:PHG) is far from the most attractive phone designer from the customer’s point of view. However, Alibaba Group Holding Ltd (NYSE:BABA)’s new branch can handle more than 3.6 million transactions per minute on its servers, so it’s gradually growing, despite unfavorable conditions.
Sources, informed that the Chinese superstar held a conference today to spur desire in the hearts of young developers, who could give Alibaba Group Holding Ltd (NYSE:BABA) the necessary ingenuity and power to compete with the leaders of the clouds.
A big concern is how Amazon.com, Inc. (NASDAQ:AMZN) will handle the pressure coming from the East, because with the latest update these two giants are homologous companies in the core services offered. There is no data available as to how well AliCloud is doing, but out of 20,000 Alibaba Group Holding Ltd (NYSE:BABA) employees only 5% are engaged in the cloud computing sphere of the company’s activities. The biggest customers that benefit from the newest services offered by Alibaba Group Holding Ltd (NYSE:BABA) are the Chinese Provinces and the Dutch partner corporation that will be manufacturing phones, on which YunOS will be run.
Analysts did not give their opinion on the matter, probably because is too much a volatile subject to have any clear expectations, so it will be wise to partake into the waiting.
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