Open Sesame! Alibaba, Softbank to form cloud JV

18 May 2016

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.

Japan, SoftBank Group Corp