The company usually trumpets the financial aspect of the sale, because for years the amount spent on the day has skyrocketed.
In 2020, for example, the company released a press release revealing gross revenue of RMB 498.2 billion ($ 74.1 billion), a 26% increase over 2019.
In 2021, Alibaba’s announcement indicated gross sales of RMB 540.3 billion ($ 84.54 billion) over the eleven days of shopping but did not calculate growth (probably because it had slowed significantly from previous events).
This year’s announcement only mentions that the festival “delivered results in line with last year’s gross merchandise volume performance, despite macro challenges and COVID-related impact.”
Which certainly doesn’t sound like growth.
Alibaba’s technology operations have also been silent about their contribution to 11.11 this year. In the past few years they have trumpeted the heights to which the company’s infrastructure has risen to satisfy customers. This year, the company said 11.11 ran on serverless infrastructure and was more energy efficient than before.
– Simon Sharwood
Singtel allocates $ 103 million to cover the costs of Optus’ cyber attacks
Singtel of Singapore has allocated AUS $ 142 million ($ 103 million) to cover the cost of the attacks on its Australian subsidiary Optus.
Half-yearly financial report of the carrier [PDF] filed last week said the amount was allocated to cover “a program of customer actions, including an independent external review, third-party credit monitoring services for affected customers, and replacement of customer identification documents. where necessary “.
“The Office of the Australian Information Commissioner, the Australian Communications and Media Authority and the Department of Home Affairs have launched investigations into the Optus cyber attack”, the document, before warning the probes “could give rise to regulatory actions, sanctions , potential complaints and / or litigation “.
“At this stage, the Group is unable to estimate the possible financial effect of these investigations and issues and is continuing to seek legal advice on these issues,” the investors were warned.
Large datacenter expansions in Australia, Japan, Indonesia
Last week saw three significant datacenter infrastructure announcements across the region.
Junior cloud Digital Ocean has announced a launch event for November 16th where it will reveal its first presence in Sydney. The invitation to the event suggests that Digital Ocean will target the Australian startup ecosystem.
In Japan, Equinix has decided that the time has come to build a 15th datacenter in Tokyo.
TY15 will be located one kilometer from the IBX TY6 / TY7 / TY8 data center and approximately 1.5 kilometers from the IBX TY2 data center.
Due to opening in the first half of 2024 with a capacity of 1,200 cabinets, TY15 will expand to 3,700 cabinets when completed.
Equinix said the bit barn “will become Tokyo’s premier site for connectivity, unlocking a myriad of new interconnection opportunities for businesses and cloud and network service providers.”
Last but not least, BDx Indonesia announced its plan to develop a 100 MW datacenter campus near the nation’s capital, Jakarta.
Hyperscale customers are the target of the facility, which will be BDx’s fifth in Indonesia.
– Simon Sharwood
The New York Fed and Singapore CBDC testing team
The Innovation Center (NYIC) of the Federal Reserve Bank of New York and the Monetary Authority of Singapore (MAS) have announced a joint experiment to investigate how wholesale central bank digital currencies (wCBDC) could improve the efficiency of cross-border wholesale payments involving multiple currencies.
“Project Cedar Phase II x Ubin +” will consider projects for the settlement of cross-border cross-currency transactions, using wCBDCs as a settlement asset.
“The effort, which involves creating connectivity between multiple heterogeneous simulated currency registers, aims to significantly reduce settlement risk, a key pain point in cross-border cross-border transactions,” the Singapore MAS explained in a statement.
The experiment is just that: an experiment. The MAS said it “does not intend to promote any specific policy outcomes, nor does it intend to signal that the Federal Reserve will make any imminent decisions on the appropriateness of issuing a retail or wholesale CBDC, nor on how it would necessarily be designed.”
But Project Cedar was undertaken “to develop a technical framework for a theoretical wholesale CBDC in the context of the Federal Reserve and aims to contribute to a broad and transparent public dialogue on CBDC from a technical perspective.”
Phase I of the Cedar project found that using a wCBDC prototype to facilitate transactions supported by blockchain technology could improve the speed and security of cross-border wholesale payments.
– Simon Sharwood
Amazon offers Prime Video for $ 7.30 per year in India
Amazon has launched a mobile-only single-user plan for its Prime Video streaming service in India, at ₹ 599 ($ 7.30) for one year of service.
Prime Video costs $ 8.99 per month in the developed world.
The Indian plan restricts viewing to mobile devices and limits video resolution, rules that recognize the dominance of mobile devices in the Indian endpoint market.
Netflix introduced a similarly priced offer last year.
The plans show that big tech is willing to do whatever it takes to target growing markets in search of a larger customer base. In India, Amazon faces stiff internal competition across its service portfolio and a government that emphasizes buying from local players as a patriotic contribution to economic development.
Skip the Japanese cloud market
Japan’s private cloud domestic market increased 32.4% year-on-year in 2021 to 8.76 billion yen, according to analyst firm IDC.
The increases in 2021 came thanks to delayed updates and renewals from COVID-19. But moving forward, private clouds deemed isolated for the purpose of optimizing individual systems will apparently be seen as a single deployment model that constitutes a multi-cloud.
“In addition, private clouds in multi-cloud environments are increasingly geared towards hybrid clouds that achieve operational consistency,” said IDC.
Cloud migration and data-driven business are expected to continue contributing to the domestic private cloud market and have a 20.4% CAGR, with a forecast of 22.3 billion yen by 2026.
India’s censorship plan slammed
India’s Internet Freedom Foundation (IFF) has criticized the nation’s modified IT rules that create a body with the power to order the removal of social media content.
“Previous things were bad,” the org said, explaining that India’s 2021 IT rules made private platforms the arbiters of permitted speech and led to an environment of increased censorship and reduced privacy.
The 2022 amendments, according to the IFF, represent a government-appointed censorship body that could incentivize word suppression, create legislative uncertainty, reduce transparency in government decision-making on content moderation, and leave indeterminacy behind. intentionally usable as a weapon in its accompanying rules.
Boeing connects with the local Indonesian airline as the government mulls over the F-15EX
Boeing has signed an agreement with PT Dirgantar Indonesia (PTDI) airline that will see the pair work together to produce, support and maintain defense products, as well as associated training. The deal could come in handy if the Indonesian government chooses the F-15EX, a fighter jet intended to replace the F-15, as part of its modernization.
PTDI produces turboprop aircraft which it supplies, among other customers, to the Indonesian armed forces.
In other news
Our regional coverage last week included coverage of NTT’s ambitious new headphone technology of Japanese telecoms that promises to eliminate sound leakage.
The Japanese Ministry of Defense (JMOD) has formally joined NATO’s Center of Excellence for Cooperative Cyber Defense (CCDCOE), an international military organization and cyber defense center focused on research, training and exercises.
Also in Japan, Fujitsu will test a local 5G network as the only connectivity option for a new datacenter inspection robot.
Commercial Aircraft Corp of China (Comac) secured orders for 300 of its home country’s first domestically-made single-aisle passenger aircraft, the C919.
South Korea’s LG Display debuted with a thin, lightweight, stretchable and rotatable micro-LED screen that, he believes, “expands the potential of the display in various industries including fashion, wearables, mobility and gaming” since it can adhere to a wide variety of surfaces, including curved ones.
Nvidia and TSMC are bypassing US export controls in China by supplying substandard chips.
The US think tank Center for Security and Emerging Technology (CSET) looked at 6.8 million job postings from China and found nearly one million required AI technical skills.
Microsoft said China’s offensive cyber capabilities have improved, likely thanks to the accumulation of an arsenal of unreported software vulnerabilities.
The Australian Federal Police (AFP) believes Russia is responsible for violating ten million records of local Medibank health insurance. Medibank refused to pay the ransom to the attackers for hacking.
Taiwanese electronics manufacturing giant and Apple supplier Hon Hai Precision Co. Ltd – also known as Foxconn – experienced strong growth in the fourth quarter but warned of Chinese operations affected by measures like COVID-related closures.
Speaking of Foxconn, Apple warned that its iPhone 14 Pro and iPhone 14 Pro Max assembly was affected due to factory restrictions. Foxconn’s recent struggles with COVID-19 include reports that Foxconn has encouraged staff to remain on-site at a facility in Zhengzhou in China and some have been seen fleeing.
New Zealand-based private launch company, Rocket Lab, failed in an attempt to capture one of the first stages of its Electron launcher with a helicopter. ®