Saudi Telecom Company (STC) announced on Monday that they will partner with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group to provide the high-performance public cloud service in Saudi Arabia.
Under this partnership, STC will be able to leverage the proven cloud-based technologies and services of Alibaba Cloud to accelerate the growth of the local technology ecosystem. In addition, a new office will be set up in Riyadh to provide better services to local customers, also be the regional training and management center.
Jeff Zhang the CEO of Alibaba Cloud Intelligence, Partner of Alibaba Group explained that Saudi Arabia is a strategic market for them. Alibaba Cloud is committed to delivering our best-in-class services, solutions as well as our business practices in digital transformation to the partners and customers we work with in the Kingdom.
In contrast, the Communications and Information Technology Minister Abdullah Amer Al-Swaha, affirmed that MCIT would like to support companies with wise foresight such as Alibaba Cloud, and they look forward to Alibaba Cloud’s future performance and contribution to Saudi Arabia’s Vision 2030.
Later, China’s market regulator announced that it had opened an anti-monopoly investigation into e-commerce giant Alibaba, ratcheting up the government’s scrutiny of one of the world’s most valuable internet companies, according to Forbes report. The investigation in China coincides with efforts by the United States and European Union to curb the power of Western internet giants such as Google and Facebook.
Moreover, Alibaba holds a strong position in online shopping in China. It runs the Taobao Marketplace, an online bazaar where merchants set up electronic stands to sell to customers. Alibaba’s Tmall platform caters to larger Chinese and global brands. Alibaba makes money by hosting the marketplaces and charging vendors for services.
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