Alibaba Group Holding Ltd (BABA) Is the Amazon.com of China

American technology investors are well aware of the dominant position Amazon.com (ticker: AMZN) has built in the cloud services business.According to a new research note from Bernstein analyst Bhavtosh Vajpayee, Alibaba is following in Amazon's footsteps and stretching its lead over the cloud competition in China.For years, Amazon prioritized expanding its customer base and gaining market share over booking quarterly profits.