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Alibaba Cloud revenue reaches $1.5B for the quarter on 62% growth rate

Alibaba issued its latest earnings report yesterday, and as part of that the Chinese eCommerce giant reported that cloud revenue grew 62% to $1.5 billion U.S., crossing the RMB10 billion revenue threshold for the first time. Alibaba also announced that it had completed its migration to its own public cloud in the most recent quarter, a significant milestone because the company can point to its own operations as a reference to potential customers, a point that Daniel Zhang, Alibaba executive chai...
Tags: Travel, Google, Amazon, Cloud, Asia, Enterprise, Microsoft, China, Alibaba, Earnings, Reuters, Zhang, Synergy Research, Alibaba Cloud, Google Alibaba, Daniel Zhang Alibaba


Customer 'paranoia' over Amazon Web Services could help Microsoft unseat it as the dominant cloud in the market, analyst says (AMZN, MSFT)

Companies like Walmart have a certain "paranoia" of working with Amazon Web Services — a paranoia that they don't have when it comes to Microsoft, says RBC Capital Markets Managing Director Alex Zukin.  While AWS is far and away the leading cloud computing platform in the market, that dynamic could help Microsoft catch up. Zukin further says that AWS has a reputation for being difficult to use, and that the big Capital One data breach last year — which involved AWS, though it wasn't apparently...
Tags: Google, Amazon, Microsoft, Trends, Walmart, Rbs, Aws, Amazon Web Services, RBC Capital Markets, Zukin, Google Cloud, Amazon Web Services Microsoft, Alibaba Cloud, AMZN MSFT, Alex Zukin, Microsoft Azure Google Cloud


China Roundup: Ant Financial’s new boss and Tencent’s army of new apps

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, we are looking at what Ant Financial’s executive shakeup could give to Alibaba’s financial affiliate and why Tencent has gone on an app-launching spree. Return of the old boss This week, Ant Financial, the online financial services company, 33% of which is owned by Alibaba and controlled by Jack Ma, announced Hu ...
Tags: TC, Asia, China, Tech, Beijing, Shanghai, Alibaba, Tencent, WeChat, Nvidia, Alibaba Group, Ant Financial, Gpu, Jack Ma, Amazon Web Services, Alicloud


OAMigod! Microsoft has a cloud app spec for you – and hopes Rudr can't fail

The Open Application Model isn't a standard, but it could be On Wednesday, Microsoft and Alibaba Cloud revealed "an open standard for developing and operating applications on Kubernetes and other platforms," that isn't yet a standard and looks rather redundant in light of similar projects.…
Tags: Microsoft, Software, Alibaba Cloud, OAMigod Microsoft, Rudr


Microsoft launches new open-source projects around Kubernetes and microservices

Microsoft today announced two new open-source projects: Dapr, a portable, event-driven runtime that takes some of the complexity out of building microservices, and the Open Application Model (OAM), a specification that allows developers to define the resources their applications need to run on Kubernetes clusters and which Microsoft developed in cooperation with Alibaba Cloud. As Microsoft Azure CTO Mark Russinovich told me ahead of today’s launch, OAM very much solves a problem that a lot...
Tags: Cloud, Web Development, Microsoft, Cloud Computing, Tech, Computing, Alibaba, Mirantis, Sdk, Kubernetes, Microsoft-azure, Microservices, Cloud Infrastructure, OAM, Mark Russinovich, Russinovich


France and Indonesia are attempting to disrupt the dominance of major cloud players with regional alternatives

This story was delivered to Business Insider Intelligence Connectivity & Tech subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here. Cloud services play a central role in business operations today, and will only grow more important over time: The global public cloud infrastructure market could grow from $214.3 billion in 2019 to $333.1 billion by 2022, according to Gartner. Despite the size of ...
Tags: Google, Indonesia, France, China, US, Trends, Alibaba, Gartner, Aws, Reuters, Jakarta Post, Amazon Microsoft, Business Insider Intelligence, Tokopedia, Amazon Web Services AWS Microsoft, Dassault Systemes


Take look inside Alibaba's high-tech 'hotel of the future,' which is run almost entirely by robots (BABA)

Alibaba Group, the Chinese e-commerce conglomerate, opened a high-tech "hotel of the future" in Hangzhou, China, earlier this year.  The hotel allows guests to manage reservations and make payments entirely from a mobile app and enter rooms using facial-recognition technology rather than a traditional key card.  Robots created by Alibaba's AI Labs serve food, toiletries, and other sundries. Here's a closer look at what the experience is like.  Visit Business Insider's homepage for more stories...
Tags: China, America, Trends, Alibaba, Alibaba Group, Mariah Carey, Jack Ma, Cirque Du Soleil, Brennan, Tom Brennan, HANGZHOU China, Alizila, Alibaba Cloud, Andy Wang, AI Labs, Flyzoo Hotel


Alibaba returns to growth with revenue up 51% to $13.9 billion

It’s business as usual for Alibaba after the Chinese e-commerce giant bounced back from a lackluster Q3 — which saw its slowest growth for three years. For Q4, the company saw revenue surge 51 percent year-on-year to reach 93.5 billion RMB, or $13.9 billion. That revenue beat analyst expectations of 91.5 billion RMB, according to Barons, and net income came in at 23.38 billion RMB, or $3.48 billion. Alibaba positions itself as the gateway to Chinese consumers, and it continues to grow. The compa...
Tags: Startups, Asia, China, Southeast Asia, Digital, E-commerce, Ceo, Economy, Alibaba, Tencent, Alipay, Alibaba Group, AliExpress, Idc, Online Marketplaces, Taobao


Security lapse exposed a Chinese smart city surveillance system

Smart cities are designed to make life easier for their residents: better traffic management by clearing routes, making sure the public transport is running on time and having cameras keeping a watchful eye from above. But what happens when that data leaks? One such database was open for weeks for anyone to look inside. Security researcher John Wethington found a smart city database accessible from a web browser without a password. He passed details of the database to TechCrunch in an effort to ...
Tags: Security, Asia, Privacy, Government, China, Tech, Skills, Surveillance, Fbi, Law Enforcement, Artificial Intelligence, Beijing, United States, United Nations, Kuala Lumpur, Alibaba


AWS wants a bigger share of Asia following Hong Kong launch

Amazon’s cloud computing unit is making further inroads into Asia after it opened a data center in Hong Kong this week, adding to the seven existing locations where it currently operates across the Asia Pacific and China. The new entry will likely give the American giant some leg up in its regional battle with Alibaba’s cloud service, which, according to a new Gartner report, was the biggest cloud infrastructure provider in the Asia Pacific last year. But that won’t be the case with all countrie...
Tags: Travel, Google, Amazon, Cloud, Asia, Hong Kong, China, Cloud Computing, Beijing, Asia Pacific, Computing, Alibaba, Gartner, Aws, Alibaba Group, Cloud Services


Rackspace Hires Dallas Transit Exec Jones to Replace Eazor as CEO

San Antonio—Rackspace said Wednesday it has hired Kevin Jones, who most recently ran Dallas-based bus and transportation contracting business MV Transportaiton, as its CEO. Jones replaces Joe Eazor, who had held the top job at Rackspace since mid-2017.Apollo Global Management, which took San Antonio-based Rackspace private in a $4.3 billion acquisition in 2016, didn’t say why the company’s board of directors chose to replace Eazor, who was hired in 2017 to replace Taylor Rhodes after he took a ...
Tags: Google, Amazon, Startups, Cloud, Facebook, Uber, Texas, Technology, Networking, Microsoft, Internet, Ipo, Cloud Computing, Azure, Trends, Tech


Alibaba has acquired Teambition, a China-based Trello and Asana rival, in its enterprise push

Alibaba has made an acquisition as it continues to square up to the opportunity in enterprise services in China and beyond, akin to what its US counterpart Amazon has done with AWS. TechCrunch has confirmed that the e-commerce and cloud services giant has acquired Teambition, a Microsoft- and Tencent-backed platform for coworkers to plan and collaborate on projects together, similar to Trello and Asana. There were rumors of an acquisition circulating yesterday in Chinese media. Alibaba has now c...
Tags: Amazon, TC, Cloud, Apps, Asia, Enterprise, Microsoft, China, US, Tech, Alibaba, Collaboration, Tencent, Aws, Mcdonalds, Baidu


Autonomic CEO Gavin Sherry on Mobility, China, and Data Privacy

In a tech culture that looks toward self-driving cars as the pinnacle of mobility innovation, we’re still debating whether fully autonomous vehicles are an imminent reality for our roads or an ever-receding Shangri-La.But looking back from the viewpoint of 2019, it’s worth considering whether the really pivotal, world-changing advances in transportation have not already been launched. It came in relatively quick steps:—The first time a person with a smartphone stepped into a car, that vehicle b...
Tags: Google, Startups, Transportation, Mobile, Lyft, Uber, Marketplace, Entertainment, Internet, Entrepreneurship, China, Funding, San Francisco, Trends, Tech, E-commerce


Alibaba taps Kabbage to loan up to $150K to SMBs after it quietly acquired OpenSky to ramp in North America

Alibaba’s long-term ambition to grow its business in the US is taking another step forward. To increase sales to US small businesses, the company has partnered with Kabbage, the Softbank-backed unicorn that provides loans to SMBs using big data and machine learning to determine eligibility faster than a traditional bank lender, to provide up to $150,000 of financing at the point of sale on Alibaba.com as part of a new program called Pay Later. The move comes on the heels of an interesting, if sl...
Tags: Amazon, TC, Ecommerce, Asia, Finance, China, Softbank, US, Tech, E-commerce, Alibaba, Dallas, Alipay, North America, Detroit, Jack Ma


Startups are taking on Amazon’s cloud with a controversial new plan, but experts warn it could undermine a core pillar of the software industry (AMZN)

In the last few months, three open source software startups have made big changes to their licensing model — a defensive move against the rising power of major cloud platforms like Amazon Web Services and Alibaba Cloud. Their gripe: Amazon and other clouds often take free open source software and package it up as a paid service, without contributing what's considered a satisfactory amount of code back to the original project.  Developers and activists in the open source community believe thi...
Tags: Google, Amazon, Microsoft, Trends, Alibaba, Ibm, Github, Kafka, Amazon Web Services, Redis Labs, Mitchell, Oss, Meeker, Perens, Kuhn, Bruce Perens


The cloud-computing market is set to double to $116 billion by 2021 — these 3 charts show why that's probably good news only for Amazon, Google, Microsoft, and Alibaba (AMZN, GOOGL, MSFT, BABA)

The cloud-computing market should continue to grow at a rapid pace in the coming years, Goldman Sachs said in a new report. But the market is already dominated by four big firms: Amazon, Microsoft, Google, and Alibaba. The opportunity for other players is rapidly closing, Goldman Sachs said. It's still early days in cloud computing, the hottest sector in the gigantic business-technology market. But the window of opportunity for companies to grab a piece of it is closing fast. That's the word ...
Tags: Google, Amazon, Microsoft, Trends, Alibaba, Aws, Ibm, Silicon Valley, Goldman Sachs, Sap, Amazon Web Services, Amazon Google Microsoft, AWS Azure Google, Alibaba Cloud, Amazon Microsoft Google, Amazon Web Services Microsoft Azure Google Cloud


The cloud computing market is set to double to $116 billion by 2021 — and it's probably only good news for Amazon, Google, Microsoft, and Alibaba (AMZN, GOOGL, MSFT, BABA)

The cloud computing market should continue to grow at a rapid pace in coming years, Goldman Sachs said in a new report. But the market is already dominated by four big firms — Amazon, Microsoft, Google, and Alibaba. The opportunity for other players is rapidly closing, Goldman Sachs said. It's still early days in cloud computing, the hottest sector in the gigantic business technology market. But the window of opportunity for companies to grab a piece of it is closing fast. That's the word fro...
Tags: Google, Amazon, Microsoft, Trends, Alibaba, Aws, Ibm, Silicon Valley, Goldman Sachs, Sap, Amazon Web Services, Amazon Google Microsoft, AWS Azure Google, Alibaba Cloud, Amazon Microsoft Google, Amazon Web Services Microsoft Azure Google Cloud


Alibaba rival JD sees Singles’ Day revenue jump 27% thanks to offline push

Alibaba may have pioneered the concept of Singles’ Day, the world’s largest shopping day based on sales, but it very much not the only e-commerce giant involved. JD.com, Alibaba’s biggest rival in China, just announced that it sold RMB 159.8 billion ($23 billion) in goods for its Singles’ Day campaign. Unlike Alibaba, which racked up $31 billion in GMV in the 24-hour sale on November 11, JD’s festival ran for 11 days starting on November 1. That said, a large chunk of Alibaba’s sales are queued ...
Tags: Apple, TC, Ecommerce, Asia, China, Tech, CMO, E-commerce, United States, Alibaba, Singles' Day, JD.com, Dell, Alibaba Group, Online Payments, Taobao


Alibaba pulls dust covers off its new London cloud presence

Can Chinese cloudy crowd check rise of AWS? Alibaba Cloud has launched in the UK, the Chinese cloud purveyor has declared, as it prepares to take on dominant player AWS and the other also-rans.…
Tags: UK, London, Software, Alibaba, Aws, Alibaba Cloud


Alibaba Cloud and myDevices have partnered to launch "IoT in a Box" (BABA)

This story was delivered to Business Insider Intelligence IoT Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Alibaba Cloud, a division of the Chinese e-commerce and technology giant, has formed a new partnership with IoT solution provider myDevices, the companies announced in a  release . Specifically, the two have developed an IoT product, dubbed “IoT in a Box,” that will offer customers simple deployment of remote monitor...
Tags: Amazon, China, US, Trends, Alibaba, Aws, Siemens, Alibaba Cloud, IoT Amazon


Malaysia on track to realise smart cities vision, says ICT leader

Malaysia is on the right track to realise its smart cities vision under the 11th Malaysia Plan 2016-2020 (11MP), information and communications technology (ICT) leader NEC Corporation of Malaysia Sdn Bhd (NEC Malaysia) said. “In fact, we are already living in a smart city when we start using a mobile application to pay for parking,” Managing Director Chong Kai Wooi said.   He said the smart city concept is an integration of ICT and other smart policies such as improving waste management and he...
Tags: Ecommerce, Smart City, Europe, Japan, Singapore, Malaysia, Kuala Lumpur, Alibaba, Tokyo, Low, ICT, Bernama, Chong, NEC Corporation, KUALA TERENGGANU, Kuala Lumpur City Hall


Alibaba continues to gain cloud momentum

When Alibaba reported its earnings yesterday, the cloud data got a bit buried in other stories, but it’s worth pointing out that its cloud business grew 93 percent in the most recent quarter to $710 million. That’s down a smidgen from the gaudy triple digit growth of last report, but their market share has doubled in just two years, and they are growing fast. As John Dinsdale, principal analyst at Synergy Research, a firm that keeps a close eye on the cloud market points out, the dip in growth i...
Tags: Google, Amazon, TC, Cloud, Asia, Microsoft, China, Tech, Alibaba, Earnings, Ibm, Amazon Web Services, Google Cloud Platform, Reuters, Synergy Research, John Dinsdale


Alibaba revenue grows 61% year-on-year in Q1FY19

Chinese conglomerate Alibaba Group has reported a 61% YoY growth in revenue in the quarter ended June 30, 2018 to $12.29 billion. The growth was mainly attributed to the robust performance of its core e-commerce and its cloud-computing businesses. Alibaba said that during the quarter, annual active... ...
Tags: Travel, News, Alibaba, Earnings, Alibaba Group, Ant Financial, Alibaba Cloud


Alibaba shrugs off China concerns as revenue jumps 61%

Tencent had an unexpected miss this week, but Chinese rival Alibaba experienced no such issue today as it beat analyst expectation after clocking 61 percent annual revenue growth. The Chinese e-commerce giant reported total sales of 80.92 billion RMB ($12.2 billion) for its Q1 2019, fractionally beating Bloomberg’s estimate of 80.88 billion RMB. The firm record a net profit of 8.7 billion RMB ($1.3 billion) for the period, down 41 percent. Diluted earnings per share of 3.30 RMB was down 42 perce...
Tags: Asia, Hong Kong, China, Softbank, Tech, Bloomberg, E-commerce, Economy, Alibaba, Tencent, Earnings, Alibaba Group, Ant Financial, Koubei, Analyst, Online Marketplaces


Paytm partners with Alibaba to launch AI cloud service

Paytm parent One97 Communications has partnered with Alibaba to launch its artificial intelligence (AI) cloud computing platform Paytm AI Cloud for developers, start-ups, and enterprise. Paytm AI Cloud will offer a suite of business-centric applications including ready-to-use services that will... ...
Tags: Travel, News, Internet, Cloud Computing, Alibaba, Ai, Paytm, One97 Communications, Alibaba Cloud, Paytm AI Cloud


Alibaba Cloud launches new products for the retail industry

Chinese conglomerate Alibaba has launched 9 new products for its cloud customers. With these, Alibaba Cloud will compete with Amazon AWS and Microsoft Azure. In relation to data technology and AI, Alibaba Cloud is launching two key products — Data Lake Analytics, which will run analytics on a large... ...
Tags: Travel, Cloud, News, Enterprise, Microsoft, Internet, Cloud Computing, CDN, Alibaba, Amazon AWS, Alibaba Cloud, Data Lake Analytics


Ford’s Autonomic Pairs With Alibaba Cloud On Mobility Hub for China

Ford—one of the automakers competing in China’s huge car market—is now making a bid to provide China’s leading software infrastructure hub dedicated to streamlining transportation by connecting cars and riders with mobility services.Ford’s recently acquired unit Autonomic, which co-created the automaker’s Transportation Mobility Cloud (TMC), inked a deal Tuesday to partner with Alibaba Cloud, the cloud computing division of Chinese e-commerce giant Alibaba. Together, the two companies plan to o...
Tags: Deals, Mobile, Cloud, Hardware, Entertainment, Internet, Entrepreneurship, China, Cloud Computing, San Francisco, Trends, Social Media, E-commerce, Web, It, Software


Alibaba Group leads $26.4M Series B in GPU database provider SQream

SQream CEO and co-founder Ami Gal SQream, the GPU database developer, will deepen its focus on China after raising a $26.4 million Series B led by Alibaba Group. The round also included investors Hanaco Venture Capital, Sistema.vc, World Trade Ventures, Paradiso Ventures, Glory Ventures and Silvertech Ventures. The startup describes the funding, which brings its total raised to a little over $40 million, as a strategic investment from Alibaba. Earlier this year, SQream and Alibaba Cloud announc...
Tags: Fundings & Exits, TC, Cloud, Asia, Big Data, China, India, Tel Aviv, Tech, Alibaba, Nvidia, Alibaba Group, Gpu, AIS, Kinética, Alibaba Cloud


Alibaba's Cloud Segment Is Red Hot

Alibaba Cloud is the infrastructure-as-a-service market leader in China.
Tags: Finance, Article, Alibaba, FBN, Motley Fool, Fbn/markets, Fox-business/markets, Alibaba Cloud, D6685cd4-6df3-5be2-8fbb-1e6cdb7cb93e


Cloud Foundry Foundation looks east as Alibaba joins as a gold member

Cloud Foundry is among the most successful open source project in the enterprise right now. It’s a cloud-agnostic platform-as-a-service offering that helps businesses develop and run their software more efficiently. In many enterprises, it’s now the standard platform for writing new applications. Indeed, half of the Fortune 500 companies now use it in one form or another. With the imminent IPO of Pivotal, which helped birth the project and still sits at the core of its ecosystem, Cloud Foundry i...
Tags: Google, China, Tech, Alibaba, Alibaba Group, Childers, Cloud Foundry Foundation, Alibaba Cloud, Chip Childers, Cloud Foundry CTO