In the first quarter of the year, Alibaba Cloud's revenue growth dropped precipitously.
Last year the domestic leader, part of the group that includes e-commerce giant Alibaba and an affiliate of financial services titan Ant Group, made about 55.58 billion yuan ($8.6 billion). That was up 56% year-on-year -- compared with an average of about 50% for Chinese cloud companies. In the first quarter of this year, Alibaba's income growth fell to 37%.
