Alibaba Cloud Partners with SK Holdings C&C to Provide Cloud; Services to Korean and Chinese Companies

Alibaba Cloud Partners with SK Holdings C&C to Provide Cloud; Services to Korean and Chinese Companies

South Korea, April 27, 2016 – Alibaba Cloud, the cloud computing arm of Alibaba Group Holding Limited (NYSE: BABA), and Korea-based SK Holding C&C announced an agreement that furthers Alibaba Cloud’s strategy to provide sophisticated cloud-based solutions to accelerate the growth of global businesses in China and abroad.

SK Holdings will develop a stable, high-speed dedicated cloud portal in the Korean language for businesses operating in sectors such as gaming, online shopping and ICT (information and communications technology). The portal will monitor clients’ network and system 24/7 and provide infrastructure, resource allocation and management services using resources from Alibaba Cloud. The platform, which integrates cloud offerings from both Alibaba Cloud and SK Holdings C&C, will assist Korean companies to enter the China market while also benefiting Chinese companies in Korea.

Sicheng Yu, Vice President of Alibaba Cloud, said, “SK Holdings C&C is a well-respected ICT service provider in Korea, and we are proud to partner with them to extend our global footprint. We believe the collaboration will empower clients from both Alibaba Cloud and SK by offering them one global account through which they will enjoy reliable, fast-speed cloud services without borders.”

Kiyeol Lee, Finance & Cloud Business Group Head of SK Holdings C&C, said, “This partnership provides a fast track to China for Korean gaming and online shopping companies and small hidden champions. We will provide fast and convenient cloud services to Korean companies operating in China as well as Chinese firms operating in Korea.”

Users of the new portal will also enjoy access to cloud-based solutions developed by third-party ICT companies and start-ups in the forms of PaaS (Platform as a Service) and SaaS (Software as a Service).

This partnership lays a foundation for the two parties to cooperate on the recently announced “Create@Alibaba Cloud” initiative, which aims to champion the growth of start-ups in Asia and beyond through comprehensive network support and an innovative suite of cloud infrastructure services.

Miss QT started her career with Credit Suisse Investment Bank issuing Structured Products to Private Banks, and later joined UBS Private Bank where she spent the bulk of her career. She works at a Technology Hedge Fund that specializes in global technology investments. A graduate of Duke University, she holds two degrees from the School of Engineering, and double majored in Computer Science and Mathematics. She trades the Global Equities Market and conducts proprietary reesearch on Algorithmic Investing (from Quandl with over 10 million datasets to Multicharts) to improve investment decisions. During her free time, Miss QT plays Golf.