蔡崇信撰文：阿里巴巴是这样看自己的

Alibaba Cloud is today one of the largest cloud computing businesses in the world. In the latest quarter this business saw 175 percent year-on-year revenue growth, which is an acceleration of the 126 percent growth rate from the prior quarter。

Another Emerging Traction star is mobile internet services, including mobile search and mobile media. In this quarter we have provided a glimpse into the potential of the mobile lifestyle in China in addition to mobile commerce, as revenues from mobile internet services and mobile operating systems grew around 50% year-on-year。

Long-term Strategic Bets

Alibaba has an incredible track record of making long-term bets successful. Here, a bit of historical perspective is important. Take Taobao Marketplace as an example. We started Taobao in 2003 when online shopping in China was virtually non-existent. For five years we didn’t generate any revenues; instead we focused on acquiring users and building an e-commerce ecosystem. Taobao didn’t produce meaningful profits until 2010, seven years after its founding. Patience has paid off。

We are used to investing in long-term initiatives with long gestation periods. Five to seven years. Being able to do this is a competitive advantage。

Going forward we are prepared to continue investing in high potential businesses that are highly strategic to Alibaba, from digital entertainment to local services to international expansion. These businesses contribute to losses in our current income statement. However, we invest in them so that they graduate to Emerging Traction, and then to Core Cash Flow。

I believe investing in strategic bets accrues long-term franchise value to Alibaba, both as stand-alone businesses and as they enable more consumers to access more services on the Alibaba platform。

Internet is the future

Finally, look at the big picture. China has 688 million internet users. Of this, 620 million users access the internet using a mobile device. Seventy-five percent of Chinese internet users are younger than 40 years old – the internet is the future because young people are on it。

I don’t know about you but I am extremely excited by this。

（编辑：应用网_丽江站长网）

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