Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Thursday, April 19, 2018

Chinese regulators express concern over Qualcomm + NXP

China's Ministry of Commerce is expressing market consolidation concerns over Qualcomm's pending acquisition of NXP Semiconductor and its operations in China. The Ministry will require Qualcomm to resubmit its antitrust application with additional information.


  • NXP Semiconductors N.V., which headquartered in Eindhoven, Netherlands, employs approximately 45,000 people in more than 35 countries and is known for its mixed-signal semiconductor electronics. The company was known as Philips Semiconductor prior to 2006.  Key markets include automotive, broad-based microcontrollers, secure identification, network processing and RF power. NXP has a broad customer base, serving more than 25,000 customers through its direct sales channel and global network of distribution channel partners.

Thursday, March 1, 2018

Alibaba Cloud launches services in Europe

Alibaba Cloud launched eight cloud services for European markets.

The services, which were introduced at Mobile World Congress in Barcelona, range from big data and artificial intelligence (AI) to infrastructure, security and private cloud solutions.

“Alibaba Cloud wants to be an enabler for technology innovation in Europe helping enterprises do business. The Mobile World Congress in Barcelona is a great opportunity for us refresh our European strategy and consider how we can make an increasing contribution to the digital transformation of enterprises in this market from different sectors with our offerings and expertise,” said Yeming Wang, General Manager of Alibaba Cloud Europe.

Alibaba Cloud said it is committed to investing in cloud computing services and digital infrastructure in Europe. It opened its first availability zone in Frankfurt Germany in November 2016 and recently commenced operation of the second availability zone in the same region. To better serve its customers in Europe, Alibaba Cloud is establishing a technology ecosystem with European partners, such as Vodafone in Germany, the Met Office which is the national meteorological service for the UK, and Station F, an innovation hub in France.

Monday, February 26, 2018

Intel enters 5G pact with China's Unigroup Spreadtrum & RDA

Intel announced a strategic alliance with Unigroup Spreadtrum & RDA, a core subsidiary of Tsinghua Unigroup.

The plan is to develop a 5G smartphone platform for the China market that will feature an Intel 5G modem and will be targeted to coincide with 5G network deployments in 2019.

“Undoubtedly, China will be an important market at the forefront of 5G. Together with Unigroup Spreadtrum & RDA, Intel looks forward to making a 5G smartphone experience a compelling reality for consumers in China,” said Chenwei Yan, vice president in the Client Computing Group and general manager of Connected Products and Programs at Intel. “Intel is working with industry partners and network operators to accelerate 5G technology innovation across network, client and cloud. Through this effort, we will bring our modem expertise from years of research and development in driving standards, conducting trials, and building platforms to create a seamlessly connected, powerfully smart 5G future.”

“We are very excited to collaborate with Intel to build a leading 5G mobile platform. Unigroup Spreadtrum & RDA and Intel share the vision on transforming the mobile communication industry in the 5G era through technological innovation and innovation-driven revolution,” said Jingming Wang, vice president of Tsinghua Unigroup and COO of Unigroup Spreadtrum & RDA. “Drawing on the strong potential for global industry development and Intel’s profound technology experience, Unigroup Spreadtrum & RDA will persist on cultivating the 5G market and setting ourselves as a leading Chinese 5G high-end chipset brand.”

In 2014, Intel announced a minority stake investment in the holding company under Tsinghua Unigroup, which owns Spreadtrum Communications & RDA Microelectronics.

Monday, February 12, 2018

Combining Ride Hailing, Smart Cities, and Networking – part 1

Preamble: The world’s largest ride-hailing service is integrating its “DiDi Smart Transportation Brain” with the traffic planning authority in Beijing and other major Chinese cities to optimize the routing of its vehicles and lessen urban congestion. The AI system will pull data from traffic sensors and connected vehicles in a massive network application that will require the most advanced mobile and backhaul network.

On an average day, DiDi Chuxing, the ride-hailing service that acquired Uber China in August 2016, is enabling up to 25 million rides. Its app has been downloaded more than 450 million times. By the company’s reckoning, this makes it the world’s leading mobile transportation platform. There are over 21 million drivers in China signed up for DiDi and by some estimates, 80% of taxi fares in the big cities are now booked via its app.

DiDi has moved well beyond basic car rides. Its app now lets the user pick from a range of transportation options: Taxi, Express, Premier, Luxe, Hitch, Bus, Minibus, Designated Driving, Car Rental, Enterprise Solutions and even Bike-Sharing though the ubiquitous bluegogo brand. Hiring a bike on a short-term basis no longer requires a deposit –just the DiDi app and a valid user account. DiDi is now a simple and cashless way of travelling through China’s municipalities.

Business is booming too for Uber.  However, Uber and to some extent Lyft often finds itself in contentious relationships with the communities it serves. In the UK, Uber is beset by numerous legal and social difficulties. In September, Transport for London, stripped Uber of its license, accusing the company of being “unfit to operate.”  Last week, a protest against Uber by London black cab drivers caused gridlock across the city. Other municipalities are taking action as well. The City of York is the third British municipality that has acted to strip Uber of its license. In the EU, a recent ruling from the European court of justice (ECJ) has determined that Uber is a taxi operator and not an information service, requiring it to accept stricter regulation and licensing terms.  Even in its home market, Uber faces a slew of lawsuits from investors, ex-employees, customers and cities for a list of management missteps, improprieties, questionable business practices, data breaches and possibly criminal behaviour.

In contrast, DiDi Chuxing enjoys the implied endorsement of the Chinese government and the investment of all three of China’s Internet giants – Alibaba, Baidu, and Tencent – as well as Apple and dozens of other high-profile investors. Better yet, there is a regulatory framework for the company to grow.  In July 2016, China became the first country to officially legalize ridesharing. This came about when seven of China's ministries, including the Ministry of Transport, jointly published "Preliminary Rules on the Management of Online Car-Booking".

DiDi Chuxing, which is headquartered in Beijing, was founded in 2012 by Cheng Wei, a former employee of Alibaba. The company’s inception came approximately three years after Garrett Camp and Travis Kalanick established Uber, but in many ways, its brief life as a business has been just as eventful and even more meteoric.

From the outset, there were local rivals backed by various tech giants and a series of price wars. There were also protests by established taxi companies and their drivers. To gain size and stature, a merger with the biggest rival was necessary, followed by the acquisition of Uber China in August 2016, a deal that some called a forced marriage and others a marriage of convenience. (Uber retained a 5.89% interest in DiDi Chuxing, while DiDi Chuxing also got a minority interest in Uber Global).  The deal effectively consolidated the market in China, leaving this one big player and a much simpler regulatory job for government authorities.

DiDi Chuxing recent milestones
• Completed 7.43 billion rides in 2017. Launched accessible vehicles services with UNDP for disadvantaged people.
• Established a partnership with Stanford Artificial Intelligence Laboratory.
• Started new joint venture projects to build EV charging networks.
• DiDi Labs opens new campus in Mountain View.
• Adopted Apple Pay as a new payment method
• Announced a strategic partnership with Taxify, a rideshare leader in Europe and Africa.
• Announced a strategic partnership with Careem, the leading ride-hailing and internet platform in the Middle East and North Africa.
• Released DiDi's first open source software, VirtualAPK, a flexible, lightweight and powerful plug-in framework for Android.
• Closed over USD 5.5 billion financing round to support global strategy and technology investments.
• Signed new Smart Transportation partnership with Shenzhen, after Tianjin, Nanjing and Shenyang.
• Launched an overseas car rental service

Thursday, January 25, 2018

Qualcomm launches 5G Pioneer initiative with Chinese brands

Qualcomm is launching a "5G Pioneer" Initiative supported by leading Chinese manufacturers of smartphones to introduce 5G devices as early as 2019.

Representatives from Lenovo, OPPO, vivo, Xiaomi, ZTE and Wingtech Technology Co. joined Qualcomm in the announcement.

“5G will bring massive new opportunities to the mobile industry, and we are excited to work with these manufacturers on this 5G Pioneer Initiative,” said Cristiano Amon, president, Qualcomm Incorporated. “Qualcomm Technologies has close relationships within China’s mobile and semiconductor ecosystem, and we’ll continue to work with this ecosystem to drive innovation as we move from the 3G/4G era to the 5G era.”

Tuesday, January 16, 2018

Chayora begins construction of hyperscale data centers in China

Chayora Limited has begun construction of a 300MW, 32-hectare (80 acre) data center campus in Beichen, Tianjin, China. The facility, which is designed for up to full 2N resilience and redundancy with dedicated substations for a 25MW IT load, will use prefabricated modular data centre design and construction techniques. The first building on the campus is expected to be ready by the end of the end.

The Hong Kong-based data centre infrastructure company said its Tianjin campus, when completely built-out, will comprise six large 3000 rack data centres and three smaller 1000 rack high performance computing facilities. 

Later this year, Chayora plans to begin construction of a second, 280MW hyperscale campus in the greater Shanghai region. This data center will be newly-built and designed from the ground up to international standards.

“The continued development of China and its importance to the global economy was underlined by China’s leadership at the 19th National People’s Congress in Beijing in October,” says Oliver Jones, co-founder and Chief Executive Officer, Chayora.  “The creation of world-class technology infrastructure will play a key part in underpinning these goals and Chayora is committed to supporting this achievement.”

PTC'17: Internationalising Data Centres for China



China is likely to become the world's largest data centre market. Chayora is a world-class infrastructure developer based in Hong Kong with a primary focus on building data centre platforms in China.

In this video, Chris Miller, Global Client Director at Chayora, discusses the company's operational strengths and prospects for growth in China.

Filmed at PTC'17 in Honolulu, Hawaii.

Monday, January 15, 2018

Pony.ai raises $112M for autonomous driving - former Baidu and Google X

Pony.ai, a start-up based in Fremont, California with R&D in Beijing, announced $112 million in venture funding for its autonomous driving solutions.

The Series A funding was co-led by Morningside Venture Capital and Legend Capital. Seed round lead-investor Sequoia China and investor IDG Capital also participated in the round, along with Hongtai Capital, Legend Star, Puhua Capital, Polaris Capital, DCM Ventures, Comcast Ventures, Silicon Valley Future Capital and other funding sources. Miracle Capital was the exclusive financial advisor in this round.

Pony.ai is headed by James Peng, co-founder and CEO, who was previously Chief Architect at Baidu, where he oversaw the technical direction of the autonomous driving division and other key areas such as big data and monetization platforms. Dr. Peng started his career at Google after earning a PhD from Stanford University, and he also holds a BS degree from Tsinghua University. Tiancheng Lou, co-founder and CTO, worked on autonomous driving at both Google X (before it became Waymo) and Baidu.  Dr. Lou holds a BS and PhD in Computer Science from Tsinghua University.

Pony.ai is developing level 4 autonomous driving technology. Its test vehicles are already running on Bay area roads.

Pony.ai said it is also making considerable progress in Guangzhou, China, where it began testing its fleet of autonomous driving vehicles on public roads this past December.

“We are excited and honored to welcome our new group of investors to the team and are grateful for their support!” says co-founder and CEO, James Peng. “Autonomous driving has the potential to bring about massive benefits to society, and we hope to work closely with our outstanding investors to realize this future.” Co-founder and CTO, Tiancheng Lou, adds: “We very much look forward to working with our investors to achieve our mission of bringing the safest and the most reliable autonomous driving technology to market!”

Tuesday, January 9, 2018

NYT: AT&T Drops Huawei’s New Smartphone Amid Security Worries

AT&T suddenly dropped plans to sell Huawei's latest Mate 10 smartphone amid security concerns and/or political pressure from Washington, according to reporting by The New York Times and The Wall Street Journal.

Huawei's new Mate 10 is a flagship smartphone with specs with a new Kirin 970 processor based on TSMC's  10nm semiconductor manufacturing process, an octa-core ARM Cortex CPU, a first-to-market Mali-G72 12-core GPU, and a dedicated Neural Network Processing Unit (NPU) for augmented reality apps. It comes with dual 4G SIM support and dual VoLTE connections.

Monday, January 8, 2018

China funds PEACE subsea cable from Pakistan to Kenya

Marine survey work is underway for a new Pakistan East Africa Cable Express (PEACE) submarine cable that will connect South Asia with East Africa, as well as offer the shortest route from western China to southern Europe when combined with terrestrial fiber between Pakistan and China.

Huawei Marine is the lead vendor for the project.

The PEACE subsea cable will have a total length of 13,000km and is targeted to enter service by the end of 2019. China Construction Bank is funding the project. Tropic Science Co. is a signatory partner.

China Telecom completes 100G ROADM net with Huawei

China Telecom completed the commercial rollout of a 100G ROADM backbone network on the middle and lower reaches of the Yangtze River serving Jiangsu, Zhejiang, Shanghai, Hubei, Anhui, and Jiangxi. Huawei was the exclusive network solutions provider.

The network, which is now supporting over three hundred 100G services, is based on ROADM optical mesh networking. The rollout was completed in 5 months.

"The dynamic interconnection of the first ROADM backbone network in China initializes the strategic upgrade from electrical nodes to all-optical nodes and from point-to-point links to optical-layer mesh networking. This not only breaks the electrical bottlenecks of network node capacities, but also symbolizes the transition from all-optical network 1.0 (all-optical fiber networks) to the new era of all-optical network 2.0 (all-optical automatic grooming)," stated Wei Leping, Deputy Director of the Science and Technology Committee of the Ministry of Industry and Information Technology, and Director of the Science and Technology Committee of China Telecom.

Friday, January 5, 2018

China's BaishanCloud raises US$50m

BaishanCloud, a cloud data services company with offices and R&D centers in Beijing, Seattle, Shanghai, Shenzhen, Xiamen and Guian, raised $50 million in its Series C of private equity financing.
Baishan's cloud suite is comprised of cloud delivery, cloud storage, and cloud linkage services. The platform includes data transmission, data storage, data consumption, and data governance capabilities for Internet and enterprise customers. The company was founded in 2015.

The latest funding round was led by Alpha Capital and Chunjia Capital, followed by new local strategic investors.

Tuesday, December 12, 2017

AWS partners with Ningxia Western Cloud Data for 2nd data center region in China

Amazon Web Services (AWS) has formed a strategic partnership with Ningxia Western Cloud Data Technology Co. Ltd. (NWCD).

AWS will use data centers and cloud infrastructure operated by NWCD to launch AWS China (Ningxia) Region, its second cloud region in China. NWCD operates and provides services from the AWS China (Ningxia) Region in full compliance with Chinese regulations.

The AWS China (Ningxia) Region, operated by NWCD, offers two Availability Zones at launch. AWS Regions are comprised of Availability Zones, which refer to technology infrastructure in separate and distinct geographic locations with enough distance to significantly reduce the risk of a single event impacting availability, yet near enough for business continuity applications that require rapid failover. Each Availability Zone has independent power, cooling, and physical security, and is connected to national backbone networks via local telecom carriers’ high-speed fiber-optic networks. AWS customers focused on high availability can architect their applications to run in multiple Availability Zones or across both AWS China Regions to achieve even higher fault-tolerance.

AWS China (Beijing) Region is already in service and operated by Sinnet. The company said it already has thousands of active customers using its cloud services in Beijing.

The expansion to NingXia marks the seventh AWS region in Asia Pacific (Beijing, Mumbai, Seoul, Singapore, Sydney, and Tokyo). AWS now provides 46 Availability Zones across 17 technology infrastructure regions globally, with announced plans for another 15 Availability Zones across five AWS Regions in Bahrain, France, Hong Kong SAR, Sweden, and the US.

“Together with our partner NWCD, and with deep appreciation of the support we’ve received from the Zhongwei municipal government and Ningxia government, we’re excited to announce the launch of the AWS China (Ningxia) Region, operated by NWCD. The second AWS Region in China is part of AWS’s ongoing commitment to offer best-in-class cloud technologies to Chinese customers,” said Andy Jassy, CEO, AWS. “For years, AWS and our partners have had an enthusiastic base of customers in China, a country with one of the world’s largest and most dynamic cloud ecosystems. Our customers build their businesses on AWS because in addition to being the world’s largest cloud, it has more functionality than any other cloud platform, an extensive partner community, and unmatched maturity, security, and performance.”

Thursday, November 16, 2017

China Unicom picks Nokia for small cells

China Unicom has selected Nokia to supply its Flexi Zone small cells and an AirScale low power radio head for deployment in 31 provinces in China. Nokia will leverage its global services expertise to optimize small cell deployments for China Unicom, including network planning and optimization, equipment commissioning and care in warranty services. Financial terms were not disclosed.

Nokia provides the ability to upgrade the small cell portfolio via software to deliver narrow-band IoT (NB-IoT), enabling support for sensors for the delivery of many smart city services, including smart transport and metering systems as well as the introduction of smart healthcare.

China Unicom has gained or migrated approximately 55 million subscribers to 4G this year for a total of 160 million.

Tuesday, November 14, 2017

Didi Chuxing opens Silicon Valley Lab

Didi Chuxing, the leading ride sharing service in China, opened a U.S. research facility in Mountain View, California.  The offices encompass 36,000 square feet and offer capacity for more than 200 employees.

DiDi Labs, which was officially launched in March 2017, focuses on AI-based security and intelligent driving technologies.

Bob Zhang, CTO of Didi Chuxing, said at the campus opening, “It’s been an exciting year for DiDi Labs. Our talented team is growing fast and making important contributions across our key tech areas, from smart-city transportation management, AI ride-matching, to security and new product innovation. ”

Didi Chuxing now has over 450 million users and is handling over 25 million daily rides.

DiDi acquired Uber China in August 2016.

Saturday, October 28, 2017

China Mobile marks 20th anniversary, now at 877 million subscribers

China Mobile marked the 20th anniversary since its debut as a publicly listed company with a first generatio, analogue mobile network. The company first began trading on the main board of the Hong Kong HKEX on 23 October 1997.

As of 30 September 2017, China Mobile was serving 877,708,000 mobile lines, including 621,757,000 4G subscribers. The number of net new mobile customers for 2017 has now surpassed 28 million.

The number of fixed broadband lines grew to 103.425,000, topping the 100 million milestone for the first time during September. The number or net new fixed line broadband customers has surpassed 25 million for 2017 so far.

Sunday, October 15, 2017

China Unicom sets up Brazilian subsidiary

China Unicom officially opened a subsidiary in Brazil. This marks the second overseas subsidiary of China Unicom International following the previous establishment of a local operating company in Russia.

China Unicom's network operates in 31 nations and has 70 overseas POPs.

The opening ceremony was attended by Consul General Chen Peijie, Consul General of the Chinese Consulate in Sao Paulo, Andre Borges, Director of the Office of the Ministry of Science and Technology Innovation and Communications of Brazil, Director of the Department of International Relations and Foreign Trade of the São Paulo State Industrial Association Tomaz Zonoto (Thomaz Zanotto), China Unicom Deputy General Manager Jiang Zhengxin.


  • In September, news broke that China Mobile is negotiating to acquire the mobile division of Oi, the largest telecommunications company in Brazil and South America, according to report in The China Daily. The deal has not been finalized. China Mobile might have to pay US$3.5 billion in fines owed by Oi to the Brazilian telecoms authority, known as Agencia Nacional de Telecomunicacoes, or Anatel. 

Wednesday, September 13, 2017

President Trump blocks sale of Lattice Semi citing National Security

President Trump signed an order blocking the sale of Lattice Semiconductor to Canyon Bridge Capital Partners on national security grounds. The issue was referred to the President by the Committee on Foreign Investment in the United States (CFIUS) due to concerns regarding China Venture Capital Fund Corporation Limited and its interest in Canyon Bridge Capital Partners.

Darin G. Billerbeck, CEO of Lattice Semiconductor, issued the following statement:

“The transaction with Canyon Bridge was in the best interests of our shareholders, our customers, our employees and the United States. We also believe our CFIUS mitigation proposal was the single most comprehensive mitigation proposal ever proposed for a foreign transaction in the semiconductor industry and would have maximized United States national security protection while still enabling Lattice to accept Canyon Bridge’s investment and double American jobs. While it is disappointing that we were not able to prevail, the Board and I would like to thank Canyon Bridge for their support during this time.”

https://www.whitehouse.gov/the-press-office/2017/09/13/order-regarding-proposed-acquisition-lattice-semiconductor-corporation

Private Equity Firm Acquires Lattice Semi for $1.3 Billion - FPGAs

Canyon Bridge Capital Partners agreed to acquire all outstanding shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) for approximately $1.3 billion inclusive of Lattice’s net debt, or $8.30 per share in cash. This represents a 30% premium to Lattice’s last trade price on November 2, 2016, the last trading day prior to announcement.

Lattice supplies low power FPGA, video ASSP, 60 GHz millimeter wave, and IP products to the consumer, communications, industrial, computing, and automotive markets worldwide. The company is based in Portland, Oregon.

Darin G. Billerbeck, President and Chief Executive Officer of Lattice, commented, “We are pleased to announce the transaction today with Canyon Bridge, which will unlock tremendous value for shareholders. This transaction is the culmination of an extensive review process with our Board, financial and legal advisers, and it delivers certain and immediate cash value to shareholders while reducing our execution risk. We are excited to leverage Canyon Bridge’s resources and market connections as we enhance our focus on executing our long-term strategic plan of continued innovation. Importantly, we will operate as a standalone subsidiary after the acquisition and do not expect any changes in our operations or our unwavering commitment to continued innovation for our customers.”

Ray Bingham, Founding Partner, Canyon Bridge, noted, “Lattice’s low-power FPGA franchise, along with its video connectivity and wireless solutions, make it a compelling, strategic investment. We expect the Company will continue to leverage its existing customer relationships with major OEMs globally, while further broadening the role of its technology solutions and accelerating its strategic plans.”

http://ir.latticesemi.com/

Thursday, August 24, 2017

China Unicom launches LTE-Broadcast and Gigabit LTE with Ericsson

China Unicom commercially launched a Gigabit LTE network.

On August 23, passengers on a Hainan Island high-speed train were able to watch the lauch ceremony via LTE broadcast over the Gigabit wireless network. Ericsson, as China Unicom's strategic partner, is the exclusive provider of the LTE broadcast solution, which is China's first LTE broadcast commercial deployment. Ericsson also provided the Gigabit LTE network upgrade.

Hao Liqian, General Manager, Hainan branch, China Unicom, says: “This remarkable achievement will fulfill our strategy to offer the most advanced services to individuals and enterprises on the China Unicom network. Our launch ceremony today is important, innovative and fun, since we’re using Virtual Reality on a high-speed train over a high-speed network to prove the worthiness of this launch.”

Chris Houghton, Head of Market Area North East Asia, Ericsson, says: “We’re literally putting the network into the hands of the subscribers on day one.  People will be able to immerse themselves in their video experience and not just understand, but feel, the difference with a Gigabit LTE network while they are moving at very fast speeds.  It’s the perfect combination of thrilling speeds – physically and virtually.”

Ericsson said LTE broadcast will revolutionize video delivery in mobile networks enabled by the combination of three new standards: eMBMS, HEVC (H.265) and MPEG DASH/

Recently, Ericsson supported China Unicom in setting up a 1Gbps network in Guangdong, Hainan, Shandong, and Beijing with peak speeds of up to 979Mbps. With that speed, it takes just 13 seconds to download a 1080P high-definition movie. There are more on-going 1Gbps trials in Sichuan, Hubei, Shanxi, Jilin and Jiangsu province. A high-speed mobile broadband network will enable businesses and services using Artificial Intelligence, Virtual Reality and other big data operations.

https://www.ericsson.com/en/press-releases/2017/8/gigabit-network-launched-in-china


Wednesday, August 23, 2017

CALIENT acquired by Suzhou Chunxing Precision Mechanical Co.

Suzhou Chunxing Precision Mechanical Co., Ltd. has agreed to acquire a controlling stake in CALIENT Technologies, a supplier of optical switching solutions based on proprietary 3D microelectromechanical systems (MEMS) technology. Financial terms were not disclosed. CALIENT is based in Goleta, California (near Santa Barbara).

CALIENT’s S-Series Optical Circuit Switches are used in data center, compute cluster and communication service provider applications.

In a joint statement, Carvin Chen, EVP of Chunxing and Atiq Raza, CEO of CALIENT, said: “Chunxing and CALIENT share very similar management philosophies, cultures and values. This lays a very profound and solid foundation for our two companies to join together at a perfect time and with a perfect match to cope with the demands and challenges of keeping pace with a fast-growing new generation of optical switching technology. With our most cutting-edge optical switching technology, products and systems, and by exploring and leveraging both companies’ strengths and synergies, our common vision is to create a great world-leading company to explore, develop and deliver the most innovative optical switching value propositions and solutions to our most valuable customers and the market.”

The company will continue to operate from its Goleta, CA, headquarters under the CALIENT brand.

http://www.calient.net


  • CALIENT’s enabling technology is a three-dimensional array of silicon micro mirrors that are used to switch up to 320 incoming fiber optic signals from any port to any output port.

Saturday, August 19, 2017

Alibaba's Q2 cloud revenue rises 96% to US$359 million

Alibaba Group reported that Q2 2017 revenue from cloud computing reach RMB2,431 million (US$359 million), up 96% year-over-year.

Alibaba said the number of paying customers of its cloud computing business grew to 1,011,000 from 874,000 in the previous quarter. Operating loss from cloud computing was RMB532 million (US$78 million) and adjusted EBITA loss was RMB103 million (US$15 million).

Alibaba Cloud is seeing improved revenue mix of higher valued-added services, as reflected by ongoing ARPU expansion.

The company says market expansion is its top priority. Some highlights for Q2:

  • Alibaba Cloud launched several new products that lower the barrier of migrating large-scale data to cloud services for traditional companies. For example, Cloud Storage Gateway allows customers to seamlessly connect their on-premise storage with Alibaba Cloud storage. Lightning Cube, a petabyte-scale data transport solution, helps enterprises to transfer large amounts of data at high speed between their data centers and Alibaba Cloud through portable storage appliances. 
  • Alibaba Cloud is expanding its Elastic Computing Service product portfolio. As of mid-August 2017, Alibaba Cloud is providing 19 types of Elastic Computing Service products that can be applied to 173 application scenarios, such as artificial intelligence, healthcare, video streaming, finance, e-commerce, and IoT.
  • Selected enterprise customers in China include: CITIC Group, a major state-owned multinational diversified company in China; China Huaneng Group, a fortune 500 company; PICC Finance, a subsidiary of PICC, one of the largest insurance companies in Asia.
  • Alibaba Cloud announced plans to build two new data centers in Malaysia and Indonesia, adding to its presence in over 14 countries and regions.


http://www.alibabagroup.com/en/ir/earnings

See also