(Yicai Global) March 20 -- China's tech behemoth Alibaba Group Holding and information security firm Aisino will join hands to develop cloud computing, electronic invoice and credit services.
The pair penned a framework agreement of strategic cooperation, under which they will set up a blockchain technology lab to create cloud computing solutions for clients, Beijing-based Aisino said in a statement yesterday.
The partnership draws on both of the firm's strengths. Alibaba has advantages in cloud systems, data intelligence, the Internet of Things, and edge computing, while Aisino and its subsidiaries are strong in terms of their hardware supply chain and services, the statement added.
The pair will integrate their customer bases to tap the market of online governance and develop fiscal and invoice management systems for small and mid-sized firms. They will also create a new business model for customers to provide credit services, Aisino added.
Editor: Emmi Laine