Alibaba Group’s data intelligence arm, Alibaba Cloud, has announced a new strategic partnership with real estate unicorn WeWork and enterprise-focused consultancy SoftBank Telecom China.
The companies have joined forces to offer a “one-stop platform from cloud-based technology solutions, enterprise services, flexible working space, events to business consulting – for business of all sizes looking to enter China or scale up their presence in the booming market,” according to a statement from the company.
"It is a first of its kind opportunity for any businesses focusing on the China market, as they can benefit from the local expertise, vertical-focused experience and innovation from three of the most-visionary companies in the world in one package. Together we are committed to supporting global enterprises to connect with digitally savvy Chinese customers," Lancelot Guo, Vice President of Alibaba Group and General Manager of Strategy and Marketing for Alibaba Cloud Intelligence, said in a statement.
"With Alibaba Cloud's innovative technologies and Alibaba's ecosystem support, we hope to help tackle some common challenges faced by multinational companies entering or growing in China, enabling them to explore more opportunities in the market and stay competitive."
"With Alibaba Cloud's innovative technologies and Alibaba's ecosystem support, we hope to help tackle some common challenges faced by multinational companies entering or growing in China, enabling them to explore more opportunities in the market and stay competitive."
Christian Lee, Vice Chairman, WeWork Asia, said in a statement that the partnership is important to WeWork because of the particular challenges of expanding the company to China in 2016.
When we began our journey here in China back in 2016, we had to adopt a very localized approach to navigate in this very unique business environment," he said. "We are grateful that we have developed a successful strategy and build the largest workplace platform in China. Leveraging our own experience and our partnership with Alibaba Cloud and SoftBank Telecom China, we are confident to support and empower companies to enter and scale in China – through our holistic offering of space, community, employee experience, as well as accessibility to meaningful business connections and partnerships with the most innovative companies in China."
