China achieves self-sufficiency in database tech

China has made a significant breakthrough by achieving self-reliance in core information technologies like databases, after similar breakthroughs in 5G telecom networks and superfast artificial intelligence chips.

OceanBase, an indigenous database developed by Ant Financial Services Group, the financial arm of internet giant Alibaba Group Holding Ltd, has taken the top spot in terms of performance by the Transaction Processing Performance Council, a global industry association that releases standards for databases.

Becoming the first ever Chinese company to top the list, Ant also overtook US firm Oracle, which had held the crown for nine consecutive years.