SoftBank and Alibaba Group Form Joint Venture to
Launch Cloud Computing Services in Japan
May 13, 2016
Alibaba Group Holding Limited
Japan, May 13, 2016 — SoftBank Corp. (“SoftBank”), the Japan-based telecom subsidiary of SoftBank Group Corp. (TOKYO:9984) and Alibaba Group Holding Limited (NYSE:BABA) (“Alibaba Group”), one of the largest online and mobile commerce companies in the world, today jointly announced the establishment of SB Cloud Corporation (“SB Cloud”) to launch cloud computing services in Japan that utilize technologies and solutions from Alibaba Cloud, the cloud computing arm of Alibaba Group.
SB Cloud will open a new data center in Japan and provide competitive and enhanced public cloud computing services from Alibaba Cloud to meet the various needs of Japanese customers, ranging from startups to multinational companies. The joint venture will enable Alibaba Cloud to further expand its cloud computing service platform with SoftBank's extensive business customer base in Japan, which comprises numerous global organizations.
SB Cloud will play a key role in supporting Alibaba Cloud's business presence in the Japan market where the demand for public cloud computing services is growing rapidly. It will provide Japanese enterprises with Alibaba Cloud's diverse offerings, including data storage and processing services, enterprise-level middleware as well as cloud security services.
Sicheng Yu, Vice President of Alibaba Cloud, says: “We are proud that Alibaba Cloud can leverage its cloud computing expertise in the joint venture with SoftBank. We look forward to helping more Japanese companies grow their business with our secure, scalable and innovative cloud computing services.”
Eric Gan, Representative Director, CEO of SB Cloud and Executive Vice President of SoftBank, says: “I've really enjoyed working with the Alibaba Cloud team on the joint venture over the past few months. During the business planning discussions, I quickly felt that we were all working very much as one team with one goal. I believe the JV team can develop the most advanced cloud platform for Japanese customers, as well as for multinational customers who want to use the resources we have available in Japan.”
SoftBank Group Corp., SoftBank's parent company, is a major shareholder of Alibaba Group Holding Limited.
About SB Cloud
|Corporate name||SB Cloud Corporation|
|Established||Jan. 26, 2016*|
|Capital structure||SoftBank Corp.: 60%
Alibaba Group Holding Limited: 40%
|Business description||Planning, development, import and export, and sales of public cloud services|
- *Following the acceptance of additional capital on May 10th, 2016, the corporate name was changed to SB Cloud Corporation.
About Alibaba Cloud
- The information is true and accurate at the time of publication.
Price, specification, contact and other information of products and service may be subjected to change. The information contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.