Alibaba coasts on Sin­gles Day to tech pin­na­cle

China Daily (USA) - - SHANGHAI | FOCUS - By MENGJING and OUYANG SHIJIA in­Wuzhen, Zhe­jiang Con­tact the writ­ers at mengjing@chi­nadaily.com.cn

The Sin­gles Day (Nov 11, 11-11 or Dou­ble 11) shop­ping fes­ti­val has not set just a new sin­gle-day sales record (120.7 bil­lion yuan or $17.57 bil­lion for Alibaba Group alone) but a new stan­dard for global e-com­merce.

Most peo­ple see it as a re­flec­tion of China’s boom­ing con­sump­tion power. But a group of in­ter­net experts see 11-11 as a tri­umph of world­class e-com­merce tech­nol­ogy.

Alibaba had de­vel­oped its own e-com­merce trans­ac­tion pro­cess­ing plat­form using a cloud computing sys­tem, and can han­dle a peak 175,000 trans­ac­tions and 120,000 pay­ments per sec­ond, un­par­alelled on the planet.

So it was only fit­ting that the third World In­ter­net Con­fer­ence in Wuzhen, Zhe­jiang prov­ince, should sin­gle out Alibaba for praise.

The con­fer­ence rec­og­nized on Wed­nes­day Alibaba’s sys­tem as one of the world’s top 15 “lead­ing in­ter­net sci­en­tific and tech­no­log­i­cal achieve­ments”. It hailed the creative con­tri­bu­tion by in­ter­net prac­ti­tion­ers to­ward set­ting up an in­no­va­tive plat­form for all­round com­mu­ni­ca­tion.

It is the first time that the Wuzhen sum­mit has re­leased such a list.

Fif­teen tech com­pa­nies and re­search in­sti­tutes across the world have made it to the list with their in­cred­i­ble tech­nolo­gies and break­throughs. Among them are driver as­sis­tance, ar­ti­fi­cial in­tel­li­gence, chips and computing.

US tech ma­jor Tesla Mo­tors Inc was se­lected for its newly launched Au­topi­lot 2.0, an ad­vanced driver as­sis­tance sys­tem that takes fully au­ton­o­mous driv­ing closer to peo­ple’s life than ever be­fore.

China’s on­line search ma­jor Baidu Inc was rec­og­nized for its de­vel­op­ment of Baidu Brain, an ar­ti­fi­cial in­tel­li­gence-project that seeks to vastly im­prove computing tasks by mim­ick­ing the way the hu­man brain op­er­ates.

A com­mit­tee com­pris­ing 33 Chi­nese and for­eign lu­mi­nar­ies drew up the list. Among them are Wan Gang, min­is­ter of sci­ence and tech­nol­ogy, Wu He­quan, aca­demi­cian at the Chi­nese Acad­emy of Engineering, and Robert Kahn, win­ner of the 2004 Tur­ing Award.

Wu, the Chi­nese di­rec­tor of the com­mit­tee, said: “The world needs more tech­no­log­i­cal achieve­ments peo­ple’s lives.”

With over 700 mil­lion users, China is a big player in the global in­ter­net econ­omy. The to im­prove in­ter­net has also spawned an enor­mous do­mes­tic mar­ket.

ZHU XINGXIN / CHINA DAILY

A rep­re­sen­ta­tive of Qual­comm Inc ex­plains 5G tech­nol­ogy to the con­fer­ence au­di­ence on Wed­nes­day.

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