(Yicai Global) Nov. 04 -- Digital Hainan recently came into existence. The company, which has registered capital of CNY200 million (USD28.5 million), plies the Big Data infrastructure, data processing and storage, information technology consulting, computer software development and information system integration and cloud platform service businesses, the Securities Times reported today.

Alibaba is the largest shareholder with a 49 percent stake, and Hainan Big Data Administration is number two with 30 percent.

Editor: Ben Armour