Alibaba Cloud, the cloud computing and data intelligence arm of Alibaba Group, unveiled at its Beijing Summit the new strategy to develop the company into a more technologically inclusive platform. Jeff Zhang, President of Alibaba Cloud and Chief Technology Officer of Alibaba Group, for the first time elaborated publicly on the strategic upgrade of the business – evolving to serve as a key component of the Alibaba Business Operating System, and empowering customers and ecosystem partners to win in the digital era. Over 3,000 ecosystem partners and industry practitioners attending the Summit have shared the development journey of the company over the past 10 years.
Cloud computing is becoming the main business focus of Alibaba Group and over the past decade Alibaba Cloud has been the technology and public cloud platform underpinning the entire Alibaba economy from e-commerce and payment, to logistics and supply chain management. The scalability, reliability, and security of Alibaba Cloud are paramount to the business and the platform has successfully sustained real-world tests on a daily basis, most notably during the Alibaba 11.11 Global Shopping Festival, the scale of which provides one of the biggest stress tests possible. Businesses of all sizes have leveraged these proven successes to grow and innovate in China and overseas.
“Alibaba has championed cloud computing in China over the past 10 years and has been at the forefront of rapid technology development. Today, Alibaba Cloud not only provides infrastructural support to the entire Alibaba economy but has also developed proven technologies to empower millions of customers in China and worldwide, significantly lowering cloud adoption barriers, ensuring inclusive access, and enabling collaboration throughout the ecosystem,” said Jeff Zhang.
“In the future, our highly compatible and standards-based platform will allow SaaS partners to onboard easily and thrive. The offerings will also be enriched by our continued investment in research through the Damo Academy, that will align data science with the development of our products. To empower all participants in our ecosystem, we will boost the integrated development of technology, products and services on our open platform,” he added.
Alibaba Cloud is the IaaS market leader in China with a larger share than the sum of the second to eighth players. The development of the IaaS market meant that in 2018, the cost of technology adoption for businesses in China has reduced significantly compared to 10 years ago.