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Alibaba’s cloud services unit expands business with China’s data exchanges under major new deal in southern tech hub Shenzhen
- Alibaba Cloud and Shenzhen Data Exchange enter cooperation deal that included data infrastructure construction and large-scale model applications
- Before that tie-up, Alibaba Cloud was working with several exchanges such as those in home city Hangzhou and Guiyang in southwest Guizhou province
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Tracy Quin Shanghai
Alibaba Group Holding’s cloud computing services subsidiary has entered into a pact to collaborate with the state-run data exchange in Shenzhen, China’s southern tech hub, in a move that is expected to bolster how companies buy and sell data in line with the country’s digital economy expansion plans.
Alibaba Cloud and Shenzhen Data Exchange signed a cooperation framework agreement during a recent meeting in Hangzhou, capital of eastern Zhejiang province, according to an article published by the Alibaba subsidiary on Sunday. Alibaba owns the South China Morning Post.
Their collaboration’s coverage included data infrastructure construction, data ecology, exploration of large-scale model applications and other areas to promote commercial information exchange, according to the article.
The tie-up between Alibaba Cloud and Shenzhen Data Exchange underscores the urgency of China’s effort to apply commercial rules to create a major domestic market for trading data, which is regarded by Beijing as a production factor that is in the same category as land, capital and human labour.
Shenzhen Data Exchange started trading in November last year, ahead of the launch of Shanghai’s data exchange in December. Shenzhen’s neighbour Guangzhou, capital of southern Guangdong province, launched its own exchange in September last year.
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