Why Amazon Is a Better Cloud Stock Than Alibaba
Amazon (NASDAQ: AMZN) Web Services (AWS) is the largest public cloud platform in the world. It controlled 48% of the public cloud market in 2018, according to Gartner, and it offers its services in 69 availability zones across 22 global regions.
Many analysts focus on AWS' rivalry with Microsoft, which ranked second with a 16% share last year. Yet fewer analysts discuss the ways it competes with Chinese tech giant Alibaba (NYSE: BABA), which ranked third with an 8% share.
However, Alibaba Cloud nearly doubled its revenue in 2018, easily outpacing the growth of Amazon and Microsoft's cloud platforms. It's also the largest cloud platform provider in China by a wide margin.
Source Fool.com
