Softbank founder and CEO Masayoshi Son invested $20 million in Alibaba in 2000
After posting a $23 billion quarterly net loss on Monday, SoftBank announced plans to reduce its stake in Alibaba to 14.6% from 23.7% for more than 4.6 trillion Japanese yen ($34.1 billion).
In the filing,...
Nokia has announced go-to-market deals for private LTE and 5G with the cloud division of Chinese web giant Alibaba and with French cloud services company Atos. Both companies will integrate and resell its Digital Automation Cloud (DAC) private wireless solution, which is driving much...
The Hong Kong based port and shipping conglomerate China Merchants Port (CMP) Group has said its 5G-enabled port transformation project with Huawei, Alibaba and Tencent at the Haixing (Mawan) port at the mouth of the Pearl River in Shenzhen, in China, is in test...
China Broadcasting Network Corp (CBN), a cable TV operator and a new entrant in China's telecom sector, has received investments of more than CNY100 billion ($14.5 billion) from 47 companies, including 11 new investors, Chinese press reported.
With the addition of these new Chinese investors,...
Alibaba operates 10 data centers in China and 11 more internationally
In response to the ongoing COVID-19 pandemic, which has heightened demand for cloud computing services and technology, Chinese company Alibaba revealed that it will invest 200 billion yuan ($28.26 billion) in its cloud computing...
Chinese 5G cloud gaming is particularly tied to the mobile industry
As part of the ongoing race towards 5G, China’s three state-owned wireless carriers – China Mobile, China Telecom and China Unicom – debuted 5G mobile services last week in what is being called the largest 5G...
The new technology will use hardware from Intel and cloud computing capabilities provided by the Chinese firm
Intel and Chinese tech giant Alibaba say they are developing athlete tracking technology powered by artificial intelligence that is aimed to be deployed at the Olympic Games Tokyo...
Chinese giant Alibaba told a packed-out room at Electronica 2018 in Munich, in Germany, yesterday that Europe is well placed in the emerging tech arms race against China and the US, specifically for development of artificial intelligence (AI) technologies.
UK universities and German corporations,...
Sigfox nabs ex-Nokia man to head up US sales
Sigfox has appointed former Nokia man Murray Kawchuk as vice president of sales for its US business. Kawchuk will lead the company’s sales, engineering and IoT teams, develop partnerships with device makers, system integrators, and other...
Alibaba’s CEO Jack Ma said China needs to control core technologies such as chip development
Chinese e-commerce giant Alibaba Group has announced plans to set up a new semiconductor company to focus on the development of artificial intelligence chips and embedded processors to support the...
The JV with Alibaba Cloud’s IoT unit will allow the US firm to offers IoT solutions for Chinese companies
U.S. firm myDevices has partnered with the IoT business unit of Alibaba Cloud, the cloud computing arm of Chinese e-commerce giant Alibaba Group, to launch turnkey...
Siemens and Alibaba have struck a deal to “foster” new growth in the industrial ‘internet of things’ (IIoT) market in China, the pair have announced. The deal will see Siemens’ MindSphere IoT platform made available on Alibaba Cloud in 2019, to enable enterprises in...
The only way to manage the rising chaos within industrial IoT systems is to deploy an IoT platform that provides flexibility and control. But there are masses of them out there. How can an ambitious IT chief or digital officer choose between them? German...
Chinese e-commerce giant says the acquisition allows it to strengthen its presence in the cloud-based IoT space
Chinese e-commerce giant Alibaba is looking to expand its operations in the cloud-based internet of things market through the acquisition of compatriot microchip maker Hangzhou C-SKY Microsystems.
Alibaba highlighted...
Transitioning to the cloud
Companies are increasingly moving to the cloud as a way to run day-to-day business operations. Migrating to the cloud is easier said than done, however. A host of unexpected problems can occur without the proper foresight, costing companies both time and...
A growing market
The cloud computing market has become increasingly dense as vendors of all sizes compete for customers who have gravitated to the technology as a way to run their business operations. Research firm IDC projects global public cloud spending will reach $203.4 billion...
AWS launches new cloud region in China
Amazon announced Monday it is expanding its cloud computing service Amazon Web Services (AWS) in China with a local partner and launch of the AWS China (Ningxia) Region, operated by NWCD. The China cloud region consists of two...
Under the terms of the agreement, Alibaba will provide cloud computing technologies to help Macau transform into a smart city
Chinese e-commerce giant Alibaba Group has signed a strategic partnership with the Government of Macau special administrative region (Macau), under which Alibaba will support Macau’s...
The move is part of the Chinese firm to expand operations in the APAC region
Alibaba Cloud, the cloud computing arm of Chinese e-commerce giant Alibaba Group has more than doubled the capacity of its data center in Hong Kong to help the firm meet...
IDC reports India's cloud computing market will grow at a 26% CAGR through 2020.
San Francisco-based cloud computing firm Salesforce.com and its partners are looking to to drive nearly 500,000 jobs in the Indian market by 2020, India press reported.
The reports note that...
The Chinese firm also aims to expand current enterprise customer base and expand its portfolio of services.
Alibaba Cloud, the cloud computing arm of Chinese e-commerce giant Alibaba Group, is currently studying the possibility of opening additional data centers outside China next year,...
Chinese firm plans to launch data centers in Middle East, Europe, Australia and Japan this year.
Alibaba Cloud, the cloud computing arm of Chinese e-commerce giant Alibaba Group, plans to launch four new data centers by the end of 2016. The data centers...
