Alibaba Group and Bolloré Group have announced a global partnership agreement in the fields of cloud services, innovation and digital transformation, clean energy, mobility, and logistics.
The companies signed an extensive Memorandum of Understanding outlining the areas in which their respective business units and subsidiaries, including Alibaba Cloud, Cainiao Smart Logistic Network, Bolloré Logistics and Blue Solutions, have agreed to cooperate and develop a number of relevant joint projects.
In addition, the groups decided to share their expertise and market knowledge to explore new business opportunities, notably in China, Europe, the Middle East and Africa.
Alibaba Eyes Dubai in Billion Dollar Plan
As part of the agreement, Alibaba Cloud, the computing arm of Alibaba Group, will provide a comprehensive suite of solutions to the Bolloré Group, encompassing cloud computing capabilities, big data, artificial intelligence, content delivery network and security solutions.
Alibaba Group and Blue Solutions will explore the opportunity to co-develop solutions for Internet electric automobiles, bringing the Internet experience to the driving experience.
In making the announcement, Cyrille Bolloré, Vice Chairman and Managing Director of Bolloré Group, said: “We are delighted to have concluded this comprehensive partnership agreement with a leading international company such as Alibaba Group.
“We are looking forward to working with them and their subsidiaries to develop business in our respective markets and join forces in other parts of the world.
“The many areas of cooperation and several joint projects already identified by our respective teams are particularly promising. We are also very pleased by our common willingness to share best practice and expertise that will be of strong benefit to all our companies.”
Terry von Bibra, General Manager Europe, Alibaba Group, said: “We are extremely pleased to kick off this collaboration with a such a prominent player across key industries as the Bolloré Group.
“As a global technology company, digital transformation and innovation in all fields are fundamental drivers of Alibaba's mission of making it easy to do business anywhere, with the ultimate goal of better serving our consumers and stakeholders worldwide, today and tomorrow.
“Hence, we are confident that the expertise and skills brought by both partner groups will generate incredible value and opportunities as the partnership unfolds.”
