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Coronavirus: The latest setback for global trade Since 2007, we’ve had a financial crisis, a rise in populism that has seen many countries question the soundness of globalization as well the imposition of new trade barriers. Now, we have a global health emergency which threatens major disruption to supply chains and global trade (with economists already arguing its impact will be bigger in 2020 than the US-China trade war). It is tempting, therefore, to argue…

Alibaba Cloud revenue reaches $1.5B for the quarter on 62% growth rate Alibaba Cloud revenue reaches $1.5B for the quarter on 62% growth rate. Alibaba issued its latest earnings report yesterday, and the Chinese eCommerce giant reported that cloud revenue grew 62 percent 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…

How technology powered Alibaba’s $38.4 bn sales on Singles’ Day How technology powered Alibaba’s $38.4 bn sales on Singles’ Day? Alibaba Cloud has revealed how core technologies have powered Alibaba Group’s $38.4 billion sales during its 24-hour Singles’ Day shopping blitz. The X-Dragon architecture supported the e-commerce shopping event. Elastic Bare Metal Servers improved cost efficiency by 20 percent. X-Dragon servers integrate computing platforms, including the Elastic Compute Service (ECS) bare metal server and virtual…