Monday, February 6, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Biz Plus

Chinese company powers financial and e-commerce transactions in PH

Roderick T. dela CruzbyRoderick T. dela Cruz
November 26, 2022, 7:40 pm
in Biz Plus, Business
Reading Time: 4 mins read
A A
Share on FacebookShare on TwitterShare on Email

Alibaba Group, a Chinese multinational technology company co-founded by businessman Jack Ma, expects to get a bigger share of cloud computing and storage services market in the Philippines following the activation of its data center in Manila in October 2021.

Alibaba Cloud Intelligence, the digital technology and intelligence backbone of Alibaba Group, already supports e-commerce and financial transactions in the country. Among its customers are Lazada Philippines, GCash, Kumu and ABS-CBN.

Kumu, in particular, leveraged Alibaba Cloud Live Streaming solutions to develop its short video app. Alibaba Cloud also supports CIBI Information Inc., one of the Philippines’ leading credit reporting agencies, to digitalize its anti-fraud business and enables Binangonan Rural Bank to launch an e-Money digital app called “E-pon”.

Alibaba Cloud Intelligence country manager for the Philippines Allen Guo

“We have been witnessing fast business growth thanks to increasing demand for cloud-based digitalization from Philippine businesses,” says Allen Guo, country manager for the Philippines at Alibaba Cloud Intelligence in a news briefing at Fairmont Hotel in Makati City.

“Alibaba Cloud aims to be a trusted cloud service provider and partner in the Philippines. We have established a local team and business coverage in the Philippines and will continue to grow and strengthen our digital ecosystem in the Philippines,” he says.

ADVERTISEMENT

Alibaba Cloud’s new data center in Manila expanded its footprint in Asia-Pacific where it is now the leading infrastructure-as-a-service provider. It is also one of three biggest cloud service providers in the world, according to market research firm Gartner.

The data center empowers local businesses in financial technology, e-commerce, education and media to adopt and implement cloud technologies. Cloud computing technology allows businesses to use digital resources stored in the virtual space, enabling them to save on cost without building or investing in their own computer storage networks.

“We can see in the Philippines that cloud adoption continues to grow, and there is still a big potential demand from Filipino enterprises. In order to support the Philippines, Alibaba Cloud is definitely committed to continuing to invest in infrastructure, services and talent,” says Guo, who led Alibaba Cloud in the Philippines in the past four years.

Alibaba Cloud is also expanding its services from cloud computing, storage and network services to security, artificial intelligence, machine learning, data analytics and Internet of things services.

It now has more than 200 customers in the Philippines, including international and local companies, according to Guo. The target, he says, is to support 5,000 enterprises, train 50,000 talents and certify 10,000 individuals by 2023. “We are committed to continue investing in the Philippine market,” he says.

“We can see in the Philippine market that the cloud adoption and also the cloud services keep on growing. We see a big potential in the Philippine market,” he says.

The company, in an international summit in Thailand in September, committed $1 billion in investment to boost its ecosystem capabilities and support its partners’ technology innovation and market expansion in the region—a commitment that will likely benefit the Philippine market.

Guo says its eco-friendly data centers in the region, including the one in the Philippines, will run entirely on clean energy by 2030, starting with upgrades to five of its hyper-scale data centers in China.

Security compliance

Guo says Alibaba Cloud adheres to international information security standards and best practices when it comes to security compliance.

The company provides highly scalable, robust and secure infrastructure and AI-powered applications to businesses from retail to finance and logistics. Alibaba Cloud is also a cloud services partner of the International Olympic Committee.

It has launched over 200 products over the past 10 years, including those related to core cloud offerings, security, data intelligence and AI applications.

E-commerce support

Guo says Alibaba Cloud also supported the world’s largest retail event—the 11.11 Global Shopping Festival which concluded on Nov. 11.

Alibaba Cloud’s cloud-native database products significantly expanded the capacity of consumers’ shopping carts from 120 items to 300. The ApsaraDB for Redis Enhanced Edition (Tair), a cloud-based in-memory database service for enterprises, supports new functions such as product grouping and sorting, enabling consumers to organize their shopping cart according to their own preferences.

They could also make use of the ‘select’ function to enjoy cross-merchant discounts, to pre-order goods and use vouchers for a more rewarding shopping experience.

“This year’s 11.11 pushes the new boundaries for Alibaba Cloud, from innovations in green technology to continuing to trailblaze in cloud computing. We know how significant 11.11 is in e-commerce and one of our yearly benchmarks is to make the festival as efficient and green as imaginable. We are looking to introduce more proven technologies that have successfully support this year’s 11.11 to Philippine businesses,” says Guo.

Tags: Alibaba Cloud IntelligenceAlibaba Groupcloud computingdata centerJack Mastorage services
ADVERTISEMENT
Roderick T. dela Cruz

Roderick T. dela Cruz

Related Posts

Ayala-led group shows interest in NAIA modernization

byJenniffer B. Austria
February 5, 2023, 7:35 pm
0
8
Ayala sells all shares in BPO subsidiary HCX

Conglomerate Ayala Corp. said it remains interested in the Ninoy Aquino International Airport modernization project after the government revived offers...

Read more

Megawide unit spending P5b to build more transport terminals in five years

byDarwin G. Amojelar
February 5, 2023, 7:30 pm
0
8
Megawide raises P4B after offering preferred shares

MWM Terminals Inc., a subsidiary of Megawide Construction Corp., is spending P5 billion to build more transport terminals similar to...

Read more

BPI’s income soared 66% to P39.6b in 2022

byJulito G. Rada
February 5, 2023, 7:25 pm
0
8
BPI’s income increased 1.8% to P17.5b in 1st three quarters

Bank of the Philippine Islands, the third-largest lender in terms of assets, posted a record net income of P39.6 billion...

Read more

Meralco prepares to secure 480-MW supply for dry months

byAlena Mae S. Flores
February 5, 2023, 7:20 pm
0
8
Meralco announces P0.31 per kWh hike in December rates

Power retailer Manila Electric Co. said over the weekend it expects to conclude the competitive selection process for the combined...

Read more

GSIS non-life insurance premiums climbed to a record-breaking P6.8b in 2022

byManila Standard
February 5, 2023, 7:15 pm
0
8
GSIS rents out  housing units;  lessee given option to buy

State-run Government Service Insurance System reported a record-breaking P6.8-billion gross premiums written in its non-life insurance business in 2022, the...

Read more

LandBank’s profit grew 38% to P30.1b last year

byJulito G. Rada
February 5, 2023, 7:10 pm
0
8
LandBank lends P233b to agriculture

State-run Land Bank of the Philippines posted a 38.2-percent increase in net income in 2022 to P30.1 billion from P21.7...

Read more

Print Edition

View More

Recent Posts

  • Robots to enhance employee efficiency, customer service in Davao Light
  • Watsons levels up to make shopping more convenient by introducing a new advance technology
  • PLDT High Speed Hitters ready for PVL All-Filipino Conference
  • Startup with 1st plantable bamboo toothbrush wins Shell LiveWIRE grand prize
  • CDC launches revenue share monitoring system for Clark locators
  • Gur Lavi Corp partners with HGC Global Communications to expand customer network
  • Sneakers for Makati : AB4.0
  • Makabayan to Mr. Marcos, Abalos: Fire corrupt BFP officials

Advertisement

Latest News

Gur Lavi Corp partners with HGC Global Communications to expand customer network

byManila Standard
February 6, 2023, 2:03 pm
0
8
Gur Lavi Corp partners with HGC Global Communications to expand customer network

Gur Lavi Corp. (GLC), one of the trailblazing telecommunications distributors in the Philippines, has sealed a partnership with HGC Global...

Read more

Sneakers for Makati : AB4.0

byManila Standard
February 6, 2023, 2:00 pm
0
288
Sneakers for Makati : AB4.0

Read more

Makabayan to Mr. Marcos, Abalos: Fire corrupt BFP officials

byThe Standard
February 6, 2023, 1:26 pm
0
8

Lawmakers of the progressive Makabayan bloc are urging President Ferdinand Marcos Jr. to look into what they said were the...

Read more

At least 50 dead in Syria after earthquake

byAFP
February 6, 2023, 1:00 pm
0
8
At least 50 dead in Syria after earthquake

At least 50 people have been killed across Syria as buildings collapsed after a 7.8-magnitude earthquake that had its epicentre...

Read more

North Korea ruling party to hold key meeting on agriculture

byAFP
February 6, 2023, 12:00 pm
0
8
Taliban govt resumes issuing Afghan passports in Kabul

North Korea's ruling party will hold a key meeting this month to discuss agricultural development, citing the need for "radical...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App