DOCSLIB.ORG

Alibaba: Despite Big Risks, Cloud Growth Makes Valuation Compelling

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Alibaba: Despite Big Risks, Cloud Growth Makes Valuation Compelling Released: 17 October 2020 Alibaba: Despite Big Risks, Cloud Growth Makes Valuation Compelling Alibaba (BABA), often referred to as “the Amazon (AMZN) of China,” is the country’s Key Takeaways: largest e-commerce, cloud, and digital • Impressive top-line and bottom-line advertising company. Its e-commerce growth primarily through increasing business has been the growth and profit market penetration and rising ARPU. engine for years, but cloud computing is • Industry leading position in large and positioned to increasingly contribute fast-growing addressable markets in meaningfully to high-margin growth in the China. future. The perception of weak corporate • Strong asset-light business model with governance, combined with geopolitical low capital investment needs in the tensions, are major risks, and November core commerce business. could be a big month considering the US • Robust financial position with ample election and the company’s upcoming liquidity to fund strategic and growth investment needs. Singles’ Day. In this article, we analyze • Trading at a significant discount to Alibaba’s business model, its market other global big tech when considering opportunities, fundamentals, valuation, risks, its superior growth profile. and finally conclude with our option on whether the stock offers an attractive balance between risks and rewards. Overview: in several global companies across various business sectors including 33% equity interest Alibaba is a Chinese company that in Fintech company Ant Group which is in specializes in e-commerce, retail, the process of going public. entertainment, and technology. Founded in 1999 by Jack Ma while he was working as Alibaba conducts its business through four an English teacher in Hangzhou, Alibaba’s operating segments: primary area of operations remains in China. Core Commerce: This segment consists of However, it is now taking significant the company’s various digital retail and initiatives to expand its global presence. In wholesale online marketplaces including its initial years, Alibaba raised $25 million China focused ecommerce platforms such from several investors and later went public as Tmall, Taobao, Freshippo, 1688 etc. as in 2014 at a valuation of $25 billion which well as cross border and global e- was then the largest IPO ever. The company commerce platforms such as Aliexpress, now provides B2B, B2C, and C2C Lazada and Alibaba.com. The segment also ecommerce services as well as electronic incorporates Alibaba’s logistics and local payment and cloud computing services. consumer services platforms. Revenue is Besides, Alibaba has also made investments generated in the form of commission Page 1 of 9 Released: 17 October 2020 charged on a percentage of sales basis growing segment. As the company is from sellers for each sales transaction on its investing in expanding its cloud business, the platform, Advertising fees charged to segment is not yet profitable. advertisers for online marketing on its Digital media and Entertainment: In this websites, logistics fees charged for shipping segment, Alibaba operates Youku, the third of goods and other software services fee. largest online long-form video platform in This is Alibaba’s largest segment, and the China, as well as, Alibaba Pictures, one of company generates 86% of revenue from it the largest movie production houses in with an operating margin of 38%. This China. The segment contributes just 5% to segment is currently the only profit the total revenue of the company and is generating part of the company. currently loss making. Cloud Computing: Through this segment, the Innovation initiatives: Through this segment, company provides its public cloud Alibaba aims to innovate and develop new computing services to enterprise customers. products and solutions for consumers. Its offerings include database, storage, Previous innovations include, Amap, the management and application services, big largest provider of mobile digital maps in data analytics and a machine-learning China, network communication app platform. Revenue is generated in the form DingTalk and Tmall Genie smart speakers. of subscription fees based on period and This segment comprises of just1% of the total specific usage of facilities. Although this revenue of the company and is currently segment contributes only 8% to the top-line generating losses. of the company, it is Alibaba’s fastest Revenue Mix 1% 5% 8% Core Commerce Cloud Computing Digital media and Entertainment Innovation Initiatives 86% Source: Alibaba Group Holding Limited., 20-F Page 2 of 9 Released: 17 October 2020 Consistently solidifying its leading market position in fast growing e-commerce markets China has led the world in terms of 2024. This secular shift towards digitization Ecommerce sales for the last few years, and was further accelerated because of the it continues to grow at a fast pace. As per coronavirus pandemic as ‘stay at home’ Statista, Chinese e-commerce revenue orders were enforced globally including stood at RMB 6.04 trillion in 2019 and is China. The same is also reflected in the charts expected to increase to RMB 10.9 trillion by below which show a sharp increase in 2024, growing at a CAGR of over 12.5% over ecommerce activity in 2020. the next 5 years. The user penetration rate of the retail e-commerce market reached 59.3% in 2019 and is expected to expand to Chinese E-commerce market trend 79.2% by 2024. The strong growth is primarily 9450 attributable to technological 10000 9289 9401 100% 8435 8925 advancements, growth in internet 8000 6573 7063 80% penetration in Chinese population, as well as consistent growth in middle/affluent class 6000 60% incomes in the country. Not only are more (RMB) 4000 40% buyers moving to online retail from brick and 2000 20% mortar stores, existing ecommerce customers 0 0% are spending more on shopping online. The 2018 2019 2020 2021 2022 2023 2024 average revenue per user was RMB 7,063 in Average revenue per user 2019 and is expected to reach RMB 9,401 by Ecommerce user penetration Source: Statista.com Chinese E-commerce market trend 13000 40% 10892 10346 Alibaba Annual Active Users 9674 30% (in millions) 10000 8813 742 7812 20% 674 576 7000 6041 bllions(RMB) 466 10% 5047 4000 0% 2018 2019 2020 2021 2022 2023 2024 Projected Revenue YoY growth Jun-17 Jun-18 Jun-19 Jun-20 Page 3 of 9 Released: 17 October 2020 Riding this secular growth in e-commerce, represents a YoY growth of 10% while Alibaba has consistently delivered impressive average consumer spending on its platform results since getting listed in 2014. In the last reached RMB 9,000. The company’s 12 months ending Q1 FY21, annual active customers are also sticky as evidenced by a customers on Alibaba’s China retail high retention ratio of more than 96% for marketplace reached 742 million, which consumers who spend more than RMB 2,000. Revenue generated from China retail Gross merchandise value marketplaces increased to RMB 358 billion during last 12 months ending June 2020 8 7.02 30% 6.59 which represents a robust increase of 33% on 5.73 25% a YoY basis. The primary drivers for this strong 6 4.82 20% growth in revenue were increase in total 3.77 4 15% Gross Merchandise Value (GMV) of products traded on its platform as it attracted more 10% trillions(RMB) 2 affluent and sticky customers as well as 5% increase in take rate that includes 0 0% commission and marketing fees charged FY 17 FY 18 FY 19 FY 20 LTM Q1 from sellers. While China retail GMV during FY 21 the last 12 months reached RMB 7.02 trillion GMV YoY Growth growing by 23% YoY, take rate has expanded Source: Statista.com to 4% in Q1 FY21 as compared to 3.3% in 2017. Take rate % Alibaba enjoys a first mover advantage in 4.0% the fast-growing Chinese e-commerce 3.3% market. This has helped the company gain 2.5% market share and become the largest online commerce company in China. Tmall, which is Alibaba owned online mall, was ranked the leading B2C retailer in China with a market share of 50%, almost double than that of its Jun-14 Jun-17 Jun-20 nearest competitor, JD.com (JD). Given it Source: Alibaba Group Holding Limited robust high-margin asset-light business model and strong financial position, Alibaba is well placed to further create a strong competitive moat around its business. Page 4 of 9 Released: 17 October 2020 Share of Chinese E-commerce sales Suning 3.0% Pinduoduo 12.8% JD.com 26.5% Tmall 50.1% Source: Statista.com Alibaba Cloud all set to become the future growth driver of the company Following the footsteps of Amazon, Alibaba billion in 2019 and is expected to reach RMB also launched its cloud computing business 231 billion by 2023, growing at a CAGR of in 2009, however unlike AWS which has a 35%. Currently, 4 local vendors account for global presence, Alibaba primarily focuses almost 80% of the Chinese cloud market, with on providing cloud computing services in Alibaba leading the pack with a market Asia Pacific region. While globally, Alibaba share of over 40%, more than double its Cloud ranks 4th behind AWS, Azure (MSFT) closest competitor, Huawei and Tencent and Google Cloud (GOOGL) with a market (TCEHY) that hold 15% share each. share of just 5%, the company has been very successful in becoming the largest cloud B2C retailers share in Chinese E- computing service provider in its target commerce sales market. China is the second largest public Others 21.3% cloud computing market in the world after Baidu AI Cloud the US, however it is still 1/10th of the US public 8.0% cloud market and therefore offers immense Tencent Cloud 15.1% potential to expand in the near to medium Huawei Cloud 15.5% term.
Load more

Recommended publications
  • Smart Speakers & Their Impact on Music Consumption
    Everybody’s Talkin’ Smart Speakers & their impact on music consumption A special report by Music Ally for the BPI and the Entertainment Retailers Association Contents 02"Forewords 04"Executive Summary 07"Devices Guide 18"Market Data 22"The Impact on Music 34"What Comes Next? Forewords Geoff Taylor, chief executive of the BPI, and Kim Bayley, chief executive of ERA, on the potential of smart speakers for artists 1 and the music industry Forewords Kim Bayley, CEO! Geoff Taylor, CEO! Entertainment Retailers Association BPI and BRIT Awards Music began with the human voice. It is the instrument which virtually Smart speakers are poised to kickstart the next stage of the music all are born with. So how appropriate that the voice is fast emerging as streaming revolution. With fans consuming more than 100 billion the future of entertainment technology. streams of music in 2017 (audio and video), streaming has overtaken CD to become the dominant format in the music mix. The iTunes Store decoupled music buying from the disc; Spotify decoupled music access from ownership: now voice control frees music Smart speakers will undoubtedly give streaming a further boost, from the keyboard. In the process it promises music fans a more fluid attracting more casual listeners into subscription music services, as and personal relationship with the music they love. It also offers a real music is the killer app for these devices. solution to optimising streaming for the automobile. Playlists curated by streaming services are already an essential Naturally there are challenges too. The music industry has struggled to marketing channel for music, and their influence will only increase as deliver the metadata required in a digital music environment.
    [Show full text]
  • Smart Digital Assistant Industry Analysis
    Snippets: Smart Digital Assistant Industry Analysis November 2019 These are the snippets from our report on Smart Digital Assistant Industry Analysis and Opportunities for Technology Service Providers (TSP) CLICK HERE To access the full report 1 Source : DRAUP 1 Draup empowers sales teams with comprehensive industry, account & stakeholder intelligence to enable microtargeting 2 www.draup.com Source : DRAUP 2 AGENDA 01 Smart Digital Market Overview ➢ This section provides an overview of : 02 Smart Digital Assistant Segmentation ❑ Market Overview 03 Smart Digital Assistant Footprint ❑ Market Trends ❑ Smart Digital Assistant Use Cases 04 Smart Digital Assistant - End User Industry ❑ Key comparison of market capabilities across Top Players 05 Focus Areas & Key Services Opportunities Topics covered in the Snippets Report Topics covered only in the Full Report Send your requests to [email protected] to receive the Full Report 33 Source: Draup Overview: Increasing smart homes, usage of smartphones coupled with growing demand for home assistance and automation in customer service sectors are projected to drive the demand for Virtual Assistant Key Findings 25 ❖ North America held a substantial share of the global intelligent virtual assistant market in 2018, due to the increasing adoption of smart home 20 technology. 15 10 ❖ Pervasive computing (Internet of Things) is emerging these days, which is creating the new opportunity for M2M (machine to machine ) and 5 M2H (machine to human) interaction, thus enabling positive growth opportunities for virtual personal assistants market in the forthcoming 0 period 2018 2025 ❖ Text to speech technology emerged as the largest segment in 2018 and is estimated to generate revenue over USD 14.37 billion by 2025.
    [Show full text]
  • Autoencoder-Based Semi-Supervised Curriculum Learning for Out-Of-Domain Speaker Verification
    Autoencoder-based Semi-Supervised Curriculum Learning For Out-of-domain Speaker Verification Siqi Zheng, Gang Liu, Hongbin Suo, Yun Lei Machine Intelligence Technology, Alibaba Group fzsq174630, g.liu, gaia.shb, [email protected] Abstract update its training corpus and model parameters at run-time is appealing. This study aims to improve the performance of speaker veri- fication system when no labeled out-of-domain data is avail- Curriculum learning is first formalized by Bengio et al. and able. An autoencoder-based semi-supervised curriculum learn- refers to the concept where machines start by learning simple ing scheme is proposed to automatically cluster unlabeled data structures and gradually improve to learn more complex ones and iteratively update the corpus during training. This new [2]. Bengio et al. show that this “start-small-and-gradually- training scheme allows us to (1) progressively expand the size increase-the-difficulty” strategy helps lead to faster convergence of training corpus by utilizing unlabeled data and correcting and find better local minima of non-convex problems. previous labels at run-time; and (2) improve robustness when Motivated by this idea, Ranjan et al. proposed a curricu- generalizing to multiple conditions, such as out-of-domain and lum learning based i-Vector PLDA approach to improve robust- text-independent speaker verification tasks. It is also discovered ness on noisy data [3]. Training data are split into subsets and that a denoising autoencoder can significantly enhance the clus- gradually included into the PLDA training procedure based on tering accuracy when it is trained on carefully-selected subset their difficulties.
    [Show full text]
  • Ryan Green Sr
    Commerce Obsessed: How to Map a B2C Customer Journey #MLEU Ryan Green Sr. Manager, Commerce Product Marketing @Greener250 #MLEU #CommerceObsessed [email protected] #MLEU You’ve got to start with the customer CUSTOMER TECHNOLOGY experience and work back toward Flash the technology – not the other way around. Steve Jobs Boxed Software #MLEU My Commerce Experiences & Trends #MLEU Sometimes We Make it Too Easy… #MLEU B2C to B2B…pop up? #MLEU Uber Humanizes My Experience John 4.93 Red Nissan | AET112 Change color Your driver is deaf or hard of hearing. To help you spot your ride, you can change the icon glowing in your driver’s windshield #MLEU Dating Push Notification HINGE HINGE 5m ago 5m ago 19 people from Binghamton joined Hinge in NYC. BINGHAMTON You’re19 75% people more likely from to connect Binghamton with joined Hinge in NYC. hometowners!You’re 75% more likely to connect with HOME Slide for more hometowners! Slide for more NEW YORK CITY LIVE #MLEU Banking & Shopping #MLEU Marketplaces… #MLEU Competition from all angles [Patent Pending] Fulfillment Tmall / Taobao / AliExpress / Online Multi-level for UAVs Rail-borne Lazada / Alibaba.com / Amazon.com Marketplace 1688.com / Juhuasuan / Daraz Physical Whole Foods / Amazon Go / Intime / Suning* / Hema Retail Amazonbooks Ant Financial* / Paytm* Payments Amazon Payments Airborne Underground Youku / UCWeb / Alisports Amazon Video / Amazon Music Digital /Alibaba Music / Damai / Alibaba / Twitch / Amazon Game Studio Entertainment Pictures* / Audible Ele.Me (Local) / Koubei (Local) / Alimama
    [Show full text]
  • 1. How to Connect the Device If There Is No Wifi Password?
    1. How to connect the device if there is no wifi password? When you connect your device to network and your router does not have a wifi password, you do not need to enter the password. Simply click on “Confirm” to go on. 2. How can devices be connected without wifi and only mobile hotspots? You need two smartphones that can provide a network hotspot. One phone turns on the hotspot as the network provider and the other can connect to the device. 3. Why can't I connect to network with Fritzbox 7590 & Ritzbox 7590 routers? Routers of this type use the same SSID when distributing 2.4G and 5G networks, they are not separated, so you cannot distribute network by EZ mode (default). You are advised to distribute network by AP mode (compatible). 4. The Wi-Fi indicator light flashes quickly but network distribution unsuccessful 1) If the indicator light flashes quickly all the time Please re-try or restart the Wi-Fi module. If it still does not work, please submit the model number of the router and the phone in Feedback, we will verify and process for you. 2) If the indicator light is out after the quick flash all the time Please check if your phone can access the external network when connecting Wi-Fi, and check if the name and password for the Wi-Fi is correct in network distribution; please remove the device and re-try after confirmation. 3) The indicator light stays on after the quick flash Please pair and test the network after removal, if it still does not work, please provide the information below in Feedback page, we will verify and proceed as soon as possible.
    [Show full text]
  • Alibaba Group Holding Limited 阿里巴巴集團控股有限公司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 9988)
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. We have one class of shares, and each holder of our shares is entitled to one vote per share. As the Alibaba Partnership’s director nomination rights are categorized as a weighted voting rights structure (the “WVR structure”) under the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange, we are deemed as a company with a WVR structure. Shareholders and prospective investors should be aware of the potential risks of investing in a company with a WVR structure. Our American depositary shares, each representing eight of our shares, are listed on the New York Stock Exchange in the United States under the symbol BABA. Alibaba Group Holding Limited 阿里巴巴集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 9988) ANNOUNCEMENT OF THE MARCH QUARTER 2021 AND FISCAL YEAR 2021 RESULTS We hereby announce our unaudited results for the three months ended March 31, 2021 (“March Quarter 2021”) and the fiscal year ended March 31, 2021 (“Fiscal Year 2021”). The March Quarter 2021 and Fiscal Year 2021 unaudited results announcement is available for viewing on the websites of the Hong Kong Stock Exchange at www.hkexnews.hk and our website at www.alibabagroup.com .
    [Show full text]
  • Alibaba Group Holding Limited 阿里巴巴集團控股有限公司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 9988)
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. We have one class of shares, and each holder of our shares is entitled to one vote per share. As the Alibaba Partnership’s director nomination rights are categorized as a weighted voting rights structure (the “WVR structure”) under the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange (the “Hong Kong Listing Rules”), we are deemed as a company with a WVR structure. Shareholders and prospective investors should be aware of the potential risks of investing in a company with a WVR structure. Our American depositary shares, each representing eight of our shares, are listed on the New York Stock Exchange in the United States under the symbol BABA. Alibaba Group Holding Limited 阿里巴巴集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 9988) OVERSEAS REGULATORY ANNOUNCEMENT We are making this announcement pursuant to Rule 13.10B of the Hong Kong Listing Rules. We filed a Form SD for the period from January 1, 2020 to December 31, 2020 with the U.S. Securities and Exchange Commission (“SEC”). Pursuant to Section 13(p) of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Rule 13p-1 under the Exchange Act, U.S., public companies are required to file a Form SD with the SEC on an annual basis if they manufactured or contracted to manufacture products that include certain “conflict minerals” necessary to the functionality or production of such products.
    [Show full text]
  • Alibaba Group Announces June Quarter 2020 Results
    Alibaba Group Announces June Quarter 2020 Results Hangzhou, China, August 20, 2020 – Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced its financial results for the quarter ended June 30, 2020. “Alibaba delivered excellent results this past quarter. We were well positioned to capture growth from the ongoing digital transformation, which has been accelerated by the pandemic, in both consumption and enterprise operations,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. “We mobilized our entire digital infrastructure to support the economic recovery of businesses across a wide range of sectors, while broadening and diversifying our consumer base by addressing their changing preferences in a post-COVID-19 environment. Despite these unusual times, we remain focused on the long term, on fulfilling our mission, and on creating true value for our consumers and business customers.” “We delivered a very strong start to our new fiscal year, with revenue growing 34% year-over-year and adjusted EBITDA growing 30% year-over-year,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “Our domestic core commerce business has fully recovered to pre-COVID-19 levels across the board, while cloud computing revenue grew 59% year-over-year. Our strong profit growth and cash flow enable us to continue to strengthen our core business and invest for long term growth.” BUSINESS HIGHLIGHTS In the quarter ended June 30, 2020: Revenue was RMB153,751 million (US$21,762 million), an increase of 34% year-over-year. Annual active consumers on our China retail marketplaces reached 742 million, an increase of 16 million from the 12-month period ended March 31, 2020.
    [Show full text]
  • Alibaba Group Holding Limited 阿里巴巴集團控股有限公司
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. We have one class of shares, and each holder of our shares is entitled to one vote per share. As the Alibaba Partnership’s director nomination rights are categorized as a weighted voting rights structure (the “WVR structure”) under the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange (the “Hong Kong Listing Rules”), we are deemed as a company with a WVR structure. Shareholders and prospective investors should be aware of the potential risks of investing in a company with a WVR structure. Our American depositary shares, each representing eight of our shares, are listed on the New York Stock Exchange in the United States under the symbol BABA. AlibabaGroup Holding Limited 阿里巴巴集團控股有限公司 (Incorporated in the Cayman Islandswith limited liability) (Stock Code: 9988) OVERSEAS REGULATORY ANNOUNCEMENT We are making this announcement pursuant to Rule 13.10B of the Hong Kong Listing Rules. We filed a Form SD for the period from January 1, 2019 to December 31, 2019 with the U.S. Securities and Exchange Commission (“SEC”). Pursuant to Section 13(p) of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Rule 13p-1 under the Exchange Act, U.S., public companies are required to file a Form SD with the SEC on an annual basis if they manufacture or contracted to manufacture products that include certain “conflict minerals” necessary to the functionality or production of such products.
    [Show full text]
  • Race Into the Future with the Connected Car Pg 6
    Race Into The Future With The Connected Car pg 6 M2M/ IoT In Automotive Sector pg 10 Process Of Standardization Of ITS Devices In India Has Started pg 42 www.telematicswire.net/mag/2018 SMART AUTOMOTIVE November - December 2018 Editor & CEO Race Into THE FUTURE WITH THE Connected CAR 06 Maneesh Prasad Director Gaur Dattatreya , Robert Bosch Engineering and Business Solutions Pvt Ltd. Lt. Col. M C Verma (Retd.) Project Director Anuj Sinha Corporate Sales Manager Poonam Mahajan Editorial Contact Asst. Business Editor Piyush Rajan [email protected] Asst. Editor Yashi Mittal +91 98103 40678 Vehicle Telematics Advanced By 5G Technology, The Next Window Of Opportunity In [email protected] Connected Cars Market 08 Sharmishtha Jatar, Orbis Research Advertisement Contact Corporate Sales Executive M2m/ Iot In Automotive Sector 10 Navneet Shekhar Sushil Kumar, TEC, DoT, Ministry of Communications, Government of India [email protected] Tech-Driven Subscription Models Are Turning The Automotive Industry Upside Down 16 Content Support Iman Ghodosi, Zuora Rudravir Singh Arvind 5 Things To Avoid During Tuning The Commercial Vehicle Tracking 18 Abel Korevaar , FleetGO Web Developer Shubham Tiwari How Leading Car Makers Can Respond To Increased Connected Car Demands 23 Sarita Maurya Risto Vahtra, High Mobility Designer Newly Released Indian Standards Relevant To The Field Of Automobiles 26 Jitendar Kumar Tripathi R.R.Singh, Bureau of Indian Standards Publication Address Have Seen The Emphasis Shift From Historical Data Analysis, Towards Telematics Wire Pvt. Ltd. Real-Timenalytics And Alerting 30 D-98 2nd Floor, Noida Sec-63 Charles Smith, CMS Uttar Pradesh-201301 Email: [email protected] The Promise Of Integrating Road Weather In Vehicle Telematics 34 Printed and Published by Glen Denny, Baron Services, Inc.
    [Show full text]
  • Our History and Corporate Structure
    OUR HISTORY AND CORPORATE STRUCTURE We are a holding company established under the Cayman Companies Law on June 28, 1999. We conduct our business in China through our subsidiaries and variable interest entities, as well as in other countries and regions. The following is a summary of our key business milestones: Calendar Year China Internet Population* China Mobile Internet Population* 1999 Alibaba founded in Jack Ma’s 9Mn apartment in Hangzhou NA Alibaba.com launched 1688.com (formerly known as Alibaba.com.cn) launched 2003 80Mn Taobao Marketplace launched NA (Taobao) 2004 Alipay launched 94Mn NA 2007 210Mn Alimama monetization 50Mn platform launched 2008 Tmall launched 298Mn 118Mn 2009 384Mn Alibaba Cloud founded 233Mn 2010 AliExpress launched 457Mn 303Mn Taobao App launched 2011 513Mn Alipay divested 356Mn * Source for China Internet Population and China Mobile Internet Population: CNNIC. Note: Data on China Mobile Internet Population was not disclosed until 2006. – 165 – OUR HISTORY AND CORPORATE STRUCTURE Calendar Year China Internet Population* China Mobile Internet Population* 2014 Tmall Global launched 649Mn 557Mn UCWeb majority ownership acquired Amap majority ownership acquired Ant Financial 33% stake acquisition agreed Listed on NYSE Fliggy rebranded as an independent business 2015 688Mn DingTalk launched 620Mn Alibaba Health majority ownership acquired Koubei established Lingshoutong launched 2016 Freshippo (known as “Hema” 731Mn in Chinese) launched 695Mn Youku privatized Lazada majority ownership
    [Show full text]
  • Alibaba A.I. Labs Launches Hospitality Robot the Service Robot Is Expected to Begin Servicing Guests at Hotel in October
    Alibaba A.I. Labs Launches Hospitality Robot The service robot is expected to begin servicing guests at hotel in October Hangzhou, China, September 20, 2018 – The robotics industry is revolutionizing the world, and Alibaba A.I. Labs is raising the stakes in this cutting-edge industry with the announcement of launching service robots for the hospitality sector starting in October. The news was made at The Cloud Computing Conference 2018, which is scheduled for four days till September 22 at Hangzhou, Alibaba’s headquarters. Alibaba A.I. Labs is the department leading consumer AI product development at Alibaba. Hotels have until now depended entirely on human labor. But the Labs’ service robot demonstrates what the hotels of the future will look like. From delivering meals to taking laundry to guests, the robot will do it all. Guests talk to the robot via voice command, touch and hand gesture, and its responses are driven by AliGenie, the software that powers Alibaba A.I. Labs’ smart speaker, Tmall Genie. “We are excited by this tremendous development that is helping us bridge the gap between guest needs and the response time that they expect. Alibaba A.I. Labs’ robot is the next step in the evolution towards smart hotels. In addition, it is solving pain points in the hotel sector, such as enhancing service efficiency, with our leading AI technologies,” says Lijuan Chen, General Manager of Alibaba A.I. Labs. “The robot will be the ultimate assistant for hotel guests who want everything quickly and conveniently at their fingertips.” The technology that drives the Labs’ service robot is state of the art, combining aluminium casing with multi-sensor data functionality and parallel computing for lighting quick responses.
    [Show full text]