Alibaba and SoftBank form SB Cloud, a cloud-computing joint venture in Japan

JapanVenture Beat — Chinese Internet behemoth Alibaba has teamed up with Japanese telecom giant SoftBank to form a cloud-computing joint venture (JV) in Japan. SoftBank’s parent company, SoftBank Group, is an existing shareholder in Alibaba, so the deal isn’t exactly a bolt out of the blue. SB Cloud Corporation, or “SB Cloud,” as it will be known, will combine the collective smarts from the two technology titans, and the joint venture will lead to a new data center that provides “competitive and enhanced public cloud computing services” from Alibaba Cloud, according to a press release.

http://venturebeat.com/2016/05/13/alibaba-and-softbank-form-sb-cloud-a-cloud-computing-joint-venture-in-japan/

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