Jian Wang, founder of $BABA cloud, recently published his book about his thoughts about cloud technology and how it will be as revolutionary as electricity.
If you don't have time to read it, here are my notes.
LONG tweet 🧵... h/t @bkaellner
1/ 🗒️Imperative to build trust with cloud customers
$PDD used AliCloud to scale its community group buying business in the early days. Now $PDD is valued at a $60 billion market cap and competing against Taobao Deals.
2/ If $BABA shutdown $PDD when it grew big enough to become a threat, all trust would be lost in the capability of the cloud.
3/ It's no secret that switching costs are high and risky when companies want to migrate to another competitor. An opportunity exists to further build trust with customers by making it easy to migrate to competitors' clouds with migration tools.
4/ Switching cloud providers should be as easy as switching to another electricity provider.
5/ 🗒️AliCloud looks up to one and a half companies
Amazon because they truly realized the service potential of the cloud.
The other half company is Google, which did a great job in computing scale but weaker in services.
6/ 🗒️Private cloud is an oxymoron
7/ 🗒️Cloud as a public utility
3 things made electricity into a public utility in developed countries.
-sufficient supply
-low cost
-safe
Cloud computing checks all three but how is the cloud safer than if you had your own private cloud?
/9 🗒️Open platform
/10 🗒️Chinese companies can leap from incomplete IT systems into the cloud
/11
End of 🧵.
Would I recommend every $BABA shareholder to read this book asap?
No...
I think time could be better spent reading $BABA IR material/transcripts.
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