Tag archive: Alibaba

Amazon Continues Dominating Cloud Infrastructure Market

Amazon Web Services continues to dominate the cloud computing infrastructure market, although Microsoft is catching up with its Azure offering.

A new report by Gartner found that the worldwide market for infrastructure as a service (IaaS) public cloud services grew 29.5 per cent with a revenue of US$23.58 billion in 2017, increasing from 2016’s $18.213 billion. The top four vendors – Amazon, Microsoft, Alibaba and Google – represented 73 per cent of the market, with Amazon holding a little more than half of the market share.

“The top four providers have strong IaaS offerings and saw healthy growth as IaaS adoption is being fully embraced by mainstream organisations and as cloud availability expands into new regions and countries,” said Sid Nag, research director at Gartner.

On the second spot, Microsoft took home a $3.13 billion in revenue in 2017, a 98 per cent growth from the previous year’s $1.579 billion. This growth is expected to continue after the company’s latest quarter, which saw the revenue from Azure public cloud service increasing by 85 per cent from the same period a year ago.

Alibaba and Google also saw a significant growth of 63 per cent and 56 per cent respectively. Gartner attributed Alibaba’s rise to its investment in research and development.

“This reflects a fundamental change in what and how organisations are consuming technology,” said Nag.

“Some legacy infrastructure offerings, such as IUS, are seeing lower and slower uptake that impacts the combined IaaS and IUS market… Additionally, a groundswell of demand for cloud-skilled personnel is forcing technology providers to change how they compete to meet this exploding demand.”

Alipay CBA

News: Alipay Enters Australian Market With Commonwealth Bank Partnership

Commonwealth Bank of Australia have signed an agreement with third-party payment platform Alipay to allow Chinese tourists and students to use Alipay in Australia.

The deal will also enable Australians to use Alipay for purchases over AliExpress, a platform for Chinese merchants to reach global consumers.

“We are constantly working on payment solutions that offer flexibility and choice for our customers so the prospect of bringing them closer to a globally leading mobile payments provider, and its 450 million active users, is truly exciting,” said Kelly Bayer Rosmarin, group executive of institutional banking and markets at CBA.

Alipay said the deal is targeted at the 19,000 Chinese tourists who visit Australia every week.

“Australia is a popular destination for Chinese travellers and Chinese students studying overseas,” said Douglas Feagin, senior vice-president at Ant Financial Services and head at Alipay International. “We want Alipay users to enjoy the kind of convenience they are used to at home.”

Alipay’s parent company, Ant Financial was valued at $US75 billion in September.

China is the world’s largest market for mobile payment, with a transaction volume of $US235 billion in 2015.