(Yicai Global) Nov. 1 -- CNCR-IT's stock price climbed this morning after the Chinese firm said that Alibaba Group Holding's cloud computing arm will become the first company to use the former's smart gateways that allow firms to scale cloud-based applications across different networks.

CNCR-IT's [SHE: 300250] share price jumped by 5.5 percent to CNY13.02 (USD1.85) this morning.

CNCR-IT has received a CNY6.3 million (USD891,750) order of software-defined networking in a wide area network technologies from Alibaba Cloud Computing, the Hangzhou-based supplier said in a statement yesterday.

The deal will have a positive impact on the company's future operations and promote the use of its equipment in edge computing and SDN, the firm added.

Founded in 1999, CNCR-IT provides data communication and network access technologies globally through its more than 20 sales offices in China, according to its website.

Editor: Emmi Laine