Softbank Telecom, the telecoms subsidiary of SoftBank Group Corp, has teamed up with its own subsidiary Alibaba Group to co-develop public cloud computing services in Japan. The pair are establishing a joint venture (JV), called SB Cloud Corp, to deliver Alibaba’s cloud technology and services to a wide range of Japanese enterprises, from start-ups to multinational companies. Softbank will own a majority 60% stake in SB Cloud Corp, while Alibaba will hold the remaining shares. It is understood that the Tokyo-headquartered JV was incorporated in January 2016 and plans to open a new data centre in Japan, providing Japanese enterprises with Alibaba’s data storage and processing services, enterprise-level middleware and cloud security services.