In the past few days due to the sudden surge in trading volume in the Chinese stock market, Alibaba Cloud, or Aliyun has received expansion requests from several securities firms to address their app data delays and trading logjams.
China's A-shares rose sharply in the past two days, and trading volume increased to twice the previous daily average.
On July 6, the turnover of China's A-shares surpassed 1.5 trillion yuan, hitting a five-year high.
The rise in retail trading enthusiasm has also led to problems with log-in failures, sluggishness, and order failures in some securities company apps.
Aliyun engineers said this is generally because the concurrent volume of instantaneous orders or market refresh requests in a region of the securities company exceeded The design capacity of the securities firm's trading system has been increased. If the core system is transformed in a distributed manner, the simple expansion of cloud resources can quickly solve such problems.
Aliyun has already received capacity expansion requests from several securities firms, hoping to use the elastic scalability of cloud computing to cope with the sudden surge in the number of trading systems.
Market research firm IDC report said that Aliyun ranks No. 1 in China's financial cloud solutions market, covering more than 50 percent of securities institutions, nine of China's Top 10 securities firms have partnered with Aliyun.