Alibaba's Ant Financial Services Group has corporatized its database product, OceanBase, into a 100% owned database company.
The company, called Beijing OceanBase Technology, is chaired by Ant Financial CEO Hu Xiaoming.
The move marks Ant Financial's star product on the track to large-scale commercialization, and pushes distributed databases into a new stage of development.
Previously, OceanBase twice challenged the international authoritative TPC-C test, which is known as the "World Cup of Database", and its performance score broke Oracle's years-long monopoly.
In May of this year, OceanBase dramatically broke its own record again in seven months. 2019 Eleventh Shopping Day During that time, Alibaba announced that OceanBase reached a peak of 61 million processes per second.
In 2010, the OceanBase project was launched within Alibaba. After years of exploration, OceanBase is gradually maturing and has commercialization capability.
Currently, OceanBase has served a large number of enterprises in the financial and telecommunications industries, including Construction Bank, Bank of Nanjing, Bank of Xi'an, PICC Health Insurance, Bank of Suzhou.
Two of the world's top four payment platforms are using OceanBase database for their core systems. In March this year, OceanBase was officially made available to the world via the Alibaba Cloud.
The new company will release a major version upgrade this year to add analytical business processing capabilities to its existing functionality, and OceanBase will be upgraded to an enterprise-class distributed database that supports HTAP mixed loads.
OceanBase also announced that it will serve more than 10,000 enterprise customers worldwide over the next three years.
Commenting on the independent corporatization of OceanBase, Ant Financial said, "Technology is a key part of Ant's vision for OceanBase. Financial's DNA and a key strategic direction for Ant Financial. After a decade of development, OceanBase has supported a variety of challenges in key areas such as Paypal and online banking, and has shown that Imaginative performance. We expect this new database to serve even more partners."
OceanBase adopts a new generation of distributed processing technology to stay ahead of the curve and achieve complete self-development in this cutting-edge technology direction of database.
Since its export to the outside world in 2017, OceanBase has been commercialized deeper and deeper in China's financial sector; it has also been seen in transportation, railway, aerospace and other fields.
Compared to traditional databases, OceanBase achieves multi-center and multi-geographic extreme disaster recovery capacity at a lower cost, meeting the stringent requirements of the digital age for services to always be online, and also adapting to the expanding data processing needs of the Internet age with stronger performance, with a bright market prospect.
Establishing a separate company means the maturity of its business model and the upgrading of its business status within Ant Financial.
