Ant Financial: Unveils SaaS version of its database solution OceanBase
- OceanBase processed 61mln/sec of peak-time requests during the 2019 Alibaba 11.11 Global Shopping Festival
- Highly stable, scalable, reliable and budget-friendly compared to other traditional database solutions
- In October 2019, OceanBase was ranked number one in terms of performance by the Transaction Processing Performance Council (TPC)
- Ant Financial began to develop OceanBase, and finally replaced all legacy database solutions with this new financial-grade product in 2016
- During the 11.11 Global Shopping Festival in 2019, Alibaba’s Gross Merchandize Volume (GMV) reached USD$38.4 billion in just 24 hours
- The SaaS solution will provide a more flexible and cost-effective option to small-and-medium enterprise customers and developers
