rtmark
LearnBonds.com

Alibaba Group Holding Ltd (BABA)’s AliLaunch Gives Tech Firms Open Door to China

Alibaba Group Holding Ltd announced a new program that will allow global technology companies to more easily break into China. The Global Marketplace and AliLaunch program, launched by Alibaba Cloud, is designed to help international technology partners to enter China market via the company’s Cloud’s initiatives.

Alibaba Group Holding Ltd (NYSE:BABA)

Cloud Computing Tmall For China Market

AliLaunch helps technology partners in solving common problems that foreign companies face in China while making expansion into the country. Such obstacles include scalability and technology compatibility.

In a statement, Alibaba said that AliLaunch will allow firms to perform tasks – joint ventures, marketplace partnerships and wholesaling – in China.

“The introduction of AliLaunch demonstrates Alibaba Cloud’s ongoing commitment of building a global cloud computing ecosystem, which connects SaaS developers and business partners from different countries on a unified platform. The AliLaunch program and Global Technology Partners Marketplace serve as the perfect platforms for making different software products accessible to businesses and organizations in China,” stated Sicheng YU, vice president of Alibaba and general manager of Alibaba Cloud Global.

“We are aiming to build AliLaunch as the Tmall of the cloud computing industry, with more technology partners added in the future,” Sicheng YU added.

Tmall, China’s largest third-party platform for brands and retailers owned by Alibaba, is a B2C platform for Chinese consumers looking for top-quality branded merchandise.

The AliLaunch program can serve as an online store where enterprises in China will have access to different technology partners and can deploy software or services in a convenient and quick way through the company’s Cloud.

Currently, AliLaunch lists 11 technology partners from United States, Europe, Japan and Thailand, including SAP, SUSE and HERE. The technology partners cover a diversified mix of software products in different categories, including operating systems, network infrastructure, security, databases, and streaming media.

SAP, which is a market leader in enterprise application software, will be able to explore the China market further through its strategic partnership with the company’s Cloud. SAP HANA One, a cloud-based, in-memory data management solution will be available on Alibaba Cloud’s China marketplace.

Alibaba Cloud

Established in September 2009, Alibaba Group Holding Ltd ’s cloud computing unit is engaged in building highly scalable platforms for cloud computing and data management. It provides cloud computing services to support participants of the group’s online and mobile commerce ecosystem, including sellers and other third-party customers and businesses.

The cloud computing unit has formed a strategic partnership with HTC Corp. to explore virtual reality (VR) solutions for customers worldwide.

The two companies plan to focus on developing breakthrough innovative solutions to tackle bandwidth allocation, data transmission and data processing needs in areas such as VR video production and VR broadcasting.

In addition, the partnership will tap developers to build a VR cloud ecosystem.

“Cloud computing has continuously broken the boundaries of what we thought possible, accelerating the rate of innovation. This partnership will accelerate the development of VR technology in China and encourage widespread, global adoption,” Business Architect Director Ge JIN said in a statement.

Recently, SoftBank Group sold $10 Billion of shares in Alibaba Group Holding Ltd . Japan-based SoftBank is the shareholder of the Chinese e-commerce giant. The company will use proceeds to reduce its debt. Initially, the company announced the sale $7.9 billion of shares, but later up-sized the offer due to a strong demand.

All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Ali Raza

A journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

HTML Snippets Powered By : XYZScripts.com