Subscribe

Briefing Aug 11, 2020 06:05 pm EqualOcean

Alibaba to Provide Services to Total SA's China Business

News EO
News · 2
report
News EO
Updated 18 hours ago ·

Alibaba Games Upgrades to Standalone Group, Yu Yongfu in Charge

The Interactive Entertainment Division (灵犀互娱), which is affiliated to Alibaba's game business, will be upgraded into an independent business group, parallel to the Entertainment department. At the same time, Yu Yongfu, chairman of the AutoNavi Group, will soon be in charge of Alibaba's game business. He is also the former helm of Alibaba's Mobile Entertainment department. The game business accounts for almost 25% of the total revenue of the entertainment group by one game. Alibaba Group's financial report for the first quarter of the fiscal year 2021 (as of the end of June 2020) shows that the revenue of the digital media and entertainment business is CNY 6.99 billion. Starting from the first quarter of 2021, game business revenue will no longer be included in the innovation business, but in the digital media and entertainment business. After the adjustment, Alibaba's innovative business revenue decreased by CNY 1.19 billion from the previous quarter, while the digital media and entertainment business revenue increased by CNY 1.05 billion. The adjusted EBIT of the digital media and entertainment business narrowed significantly to 19% from 57% in the previous quarter. According to Sensor Tower, as of August 2020, the monthly revenue of 'Three Kingdoms: Strategic Edition' was CNY 600 million, making it the third-highest game in China. "The actual significance of this game is not income, but an assertion or self-certification of the independent research ability of Alibaba Games, which will greatly improve the overall morale," said a person close to Tencent Games.

Briefing
Briefing · 1
News EO
News · 2
report
News EO
Sep 17, 2020 03:43 pm ·

Alibaba Apsara Conference: Cloud Computers and First Robot Unveiling

On September 17, 2020, the Apsara Conference went online. The Cloud gaming platform PaaS1.0 was officially unveiled. Alibaba's Cloud gaming team stated that it would fully invest in 'new infrastructure' to support industry innovation. Also, Alibaba released its first Cloud computer 'Wuying' and its first logistics robot 'Xiaomanlv.' 'Wuying' is a supercomputer that 'grows' on the cloud. There is no CPU or hard disk as these functions are entirely inside the Cloud data center. With a C-Key, users can log in their fingerprint ID anytime and anywhere to access cloud computing services. Through connecting C-key to any monitor such as a TV or a screen, people can enter the dedicated Cloud desktop and access various applications and files. Currently, Wuying is only available for sale to enterprises. In the future, services may be provided to individual users. 'Xiaomanlv' is Alibaba's first wheeled robot, specially equipped for deliveries; it can easily handle complex road conditions and swiftly choose an optimal path. Its 'brain' reacts seven times faster in emergencies. It can 'run' more than 100 kilometers with 4 kilowatt-hours of electricity, and deliver up to 500 packages per day. Extreme environments such as thunderstorms, lightning, high temperature, rain and snow, garages and tunnels will not hamper its performance. Zhang Jianfeng, Dean of Alibaba DAMO Academy, stated that this robot will soon be used on a large scale in communities, schools, and office parks. Commenting further on Cloud gaming, said Zhuang Zhuoran, the Vice President of Alibaba Group, stated that "Cloud gaming will become the main scene of personal consumption in the 5G era. What PaaS 1.0 has to do is to set up a platform for industry partners and deepen the infrastructure and underlying system software for cloud gaming. Besides, it integrates Internet applications such as e-commerce, financing, services and content to connect to the new digital consumption scene of Cloud gaming."

Briefing
Briefing · 1
Briefing
Sep 16, 2020 10:29 am ·

Alibaba is in Talks to Invest Zhilian Zhaopin

Briefing
Briefing · 1
Briefing
Briefing · 1
Briefing
Briefing · 1
Briefing
Briefing · 1
Briefing
Briefing · 1
Briefing
Briefing · 1
Briefing
Sep 16, 2020 02:59 pm · Kuaishou

Kuaishou E-Commerce Order Volume Exceeded 500Mn in August

Briefing
Briefing · 1
Briefing
Briefing · 1
Briefing
Briefing · 1
Briefing
Sep 16, 2020 10:29 am ·

Alibaba is in Talks to Invest Zhilian Zhaopin

Briefing
Briefing · 1
Briefing
Briefing · 1
Briefing
Sep 16, 2020 10:11 am ·

Guiding Price of Huazhu Group is HKD 297/Share

Briefing
Briefing · 1
Briefing
Briefing · 1
Briefing
Briefing · 1
Read more