Alibaba Cloud is planning to invest $283 million this fiscal to empower global partners and accelerate joint innovations in the post COVID-19 era.
With this investment, Alibaba Cloud aims to introduce new and improved work process with partners to increase communication efficiency so that parties can respond quickly to changing customer demands.
At present, Alibaba Cloud works with around 10,000 global partners serving more than 350,000 business customers globally. The company has invested heavily in research and development, enabling partners to integrate their products and services on the infrastructure platform, so that customers can benefit from the joint solutions for faster time to market.
Alibaba Cloud partner portfolio includes companies such as MongoDB, Intel, VMware, Salesforce, SAP, Red Hat and Fortinet. Moreover, Alibaba Cloud has created more than 500 joint solutions catering to industries such as new retail, fintech, manufacturing, media and entertainment.