Profitability for Alibaba's cloud division is "not the top priority", the e-commerce giant's finance chief said on Wednesday, after the division posted a surge in second-quarter revenue but continued to lose money.
Cloud computing revenue for the three months ended September 30 came in at 1.49 billion yuan ($224 million), a 130 percent year-on-year rise, and is one of the firm's fastest-growing units. Alibaba also reported that the number of paying customers of its cloud computing business grew to 651,000 from 577,000 in the previous quarter.
But, the company posted a $60 million loss for its cloud division which narrowed from the same time last year.
Still, Maggie Wu, Alibaba's chief financial officer, told investors that continued investments are needed to grow.