1 00:00:03,520 --> 00:00:04,630 Hello. My name is Dane Anderson. 2 00:00:04,630 --> 00:00:07,450 I'm Forester's Asia Pacific Region Manager and Head of Research based in Singapore. 3 00:00:07,450 --> 00:00:11,620 I'm at Alibaba's Apsara Cloud Conference in Hangzhou. 4 00:00:11,980 --> 00:00:15,940 And I want to give you some observations I have for the first couple of days. 5 00:00:16,300 --> 00:00:19,910 I'll share a couple of key observations from my perspective. 6 00:00:19,960 --> 00:00:22,900 The first is the 7 00:00:22,930 --> 00:00:27,930 growth and expansion of the innovation economy here from a technology 8 00:00:28,420 --> 00:00:31,120 perspective in China and in Hangzhou. This is a major, 9 00:00:31,120 --> 00:00:33,740 major center now for tech driven innovation. 10 00:00:33,760 --> 00:00:38,200 We've known for a long time that China is a key innovator in the areas of 11 00:00:38,340 --> 00:00:40,870 e-commerce, mobile payments, social. 12 00:00:41,080 --> 00:00:44,290 But what I'm seeing here at this conference is how it's expanding. 13 00:00:44,350 --> 00:00:48,550 Alibaba has released more or applied for more blockchain patents than any other 14 00:00:48,550 --> 00:00:49,890 organization in the world. 15 00:00:49,980 --> 00:00:53,200 At this conference they've issued an AI chip as well. , 16 00:00:53,200 --> 00:00:54,850 they've talked a lot about IOT. 17 00:00:55,030 --> 00:00:58,720 So China is no longer following or imitating. 18 00:00:58,720 --> 00:01:01,090 It is actually a key source of tech driven innovation. 19 00:01:01,090 --> 00:01:03,210 So any company that wants to 20 00:01:03,400 --> 00:01:05,860 lead the world in terms of tech driven innovation, 21 00:01:06,040 --> 00:01:09,250 you really need to understand what's happening in a place like this, and 22 00:01:09,250 --> 00:01:11,830 and Alibaba is a key driver for that innovation. 23 00:01:12,340 --> 00:01:17,140 The second question I came with is how is Alibaba going to extend the enterprise 24 00:01:17,140 --> 00:01:20,260 cloud outside of China? So inside of China, 25 00:01:20,260 --> 00:01:22,330 Alibaba is the leader by far, 26 00:01:22,660 --> 00:01:25,750 but I've had some questions about how Alibaba's going to branch that out into 27 00:01:25,750 --> 00:01:29,680 other markets. And I learned some interesting things yesterday. First of all, 28 00:01:29,680 --> 00:01:34,680 Alibaba is, or rather China is the number one or number two market for many 29 00:01:35,110 --> 00:01:37,660 Western companies based on the size of this economy. 30 00:01:38,020 --> 00:01:43,020 So these companies are now innovating in China with Alibaba and learning and 31 00:01:43,510 --> 00:01:45,790 branching out of China with those innovations. 32 00:01:45,790 --> 00:01:49,390 One example that was given was Starbucks. Secondly, 33 00:01:49,420 --> 00:01:53,140 Alibaba is partnering with technology giants from the West in China who want a 34 00:01:53,140 --> 00:01:57,400 piece of this market. So SAP, salesforce.com, Deloitte, 35 00:01:57,400 --> 00:01:58,390 so on and so forth. 36 00:01:58,630 --> 00:02:03,580 They are partnering and developing stronger partnerships to succeed in China and 37 00:02:03,580 --> 00:02:08,320 moving outside. And finally what, uh, Alibaba's calling C2B. 38 00:02:08,530 --> 00:02:12,250 So we hear a lot about B2B and B2C and B2B2C, 39 00:02:12,250 --> 00:02:13,900 but I haven't really heard C2B. 40 00:02:14,380 --> 00:02:17,440 So what Alibaba's doing is trying to take some of these scenarios on the 41 00:02:17,440 --> 00:02:20,310 consumer side, let's say with payments, 42 00:02:20,380 --> 00:02:24,490 or with the Chinese diaspora or tourists from around the world and working back 43 00:02:24,520 --> 00:02:25,353 to the cloud. 44 00:02:25,510 --> 00:02:30,510 So if you are a hotel chain or an airline or an entertainment venue in a place 45 00:02:30,850 --> 00:02:32,890 like Singapore or Las Vegas, 46 00:02:33,070 --> 00:02:36,850 it makes sense for you to consider Alibaba as a tech partner. So it's been very, 47 00:02:36,850 --> 00:02:39,580 very interesting. The summary points are, first of all, 48 00:02:39,580 --> 00:02:41,430 do not underestimate the 49 00:02:41,450 --> 00:02:44,680 the prowess of China when it comes to tech driven innovation. And secondly, 50 00:02:44,890 --> 00:02:49,480 as for Alibaba's enterprise cloud expansion outside of China, 51 00:02:50,140 --> 00:02:52,960 it's gonna take some work, but they do have some smart approaches. 52 00:02:53,200 --> 00:02:56,380 So thank you very much for listening and have a great day.