HONG KONG -- Alibaba Group Holding's cloud services business will turn a profit for the first time this year thanks to work-from-home demand driven by the coronavirus pandemic, according to Daniel Zhang, the group's chairman and chief executive.
Successor Daniel Zhang aims to double group's user base to 2 billion by 2036
Alibaba Group Holding founder Jack Ma, left, with Daniel Zhang, his successor as chairman and CEO, in 2015. © Reuters
HONG KONG -- Alibaba Group Holding's cloud services business will turn a profit for the first time this year thanks to work-from-home demand driven by the coronavirus pandemic, according to Daniel Zhang, the group's chairman and chief executive.