The latest news in the Internet industry this week
Time: 2018-10-25 13:25:26 Source:
Alibaba launches first UK data centres
Alibaba Cloud, the data-centre business arm of Alibaba Group Holding, has opened its first data centres in the UK.
The Chinese giant has opened two sites in London, saying it based its decision on ‘rapidly growing customer demand’. “The United Kingdom is one of the fastest-growing European markets for Alibaba Cloud,” the company’s spokesperson said.
The company has also been in talks with BT in a bid to challenge Amazon’s EU dominance.
The ERMS Large International Summit will be held in Shanghai
ERMS is the collective name for China E-Commerce, Retail Revolution, and Digital Marketing Summit. The summit will focus on some core topics, including digital e-commerce, intelligent stores, omni-channel new retail, global marketing, data marketing, consumer interactive experience, omni-channel supply chain, S&OP/IBP, intelligent supply chain and logistics, etc; and explore how to integrate front-end big data in the data retail era, optimize omni-channel construction and digital marketing, restructure the back-end supply chain, and win the Chinese digital retail market.
The SaaS VC Gap: China & Other Markets Trail The US
As of mid-October, Chinese companies accounted for about 39.3 percent of venture funding raised in 2018. Compare that to 38.4 percent for U.S.-based companies, overall. In this respect, the venture markets in the U.S. and China are running neck-and-neck. Yet for SaaS funding, the China-US gap is about as wide as the Pacific Ocean. The U.S.—top ranked by this measure—accounted for approximately 70.1 percent of known SaaS startup funding. China, by contrast, accounted for just 11.7 percent. No even matchup here. It’s not even close.
These disparities suggest a structural difference, not just between the U.S. and Chinese markets, but between the U.S. and the rest of the world when it comes to building and backing SaaS businesses.
