(Yicai Global) Nov. 3 -- The Digital Belt and Road Economic Strategic Alliance has officially formed to facilitate digital development in countries participating in the Belt and Road initiative.

Initiated by Inspur Electronic Information Industry Co. [SHE:000977], the Digital Belt and Road Economic Strategic Alliance was jointly established by Cisco Systems Inc. [NASDAQ:CSCO], International Business Machines Corp [NYSE:IBM] (IBM), Diebold Nixdorf and LM Ericsson Telephone Co. [NASDAQ: ERIC] in Jinan Science and Technology Park on Nov. 2, as dzwww.com reported.

By integrating member enterprises' global top-notch IT products, technology and solutions, the alliance partners with the Export-Import Bank of China, China Development Bank and China Export & Credit Insurance Corp. to offer world-class integrated technology solutions and financing support to participating countries, in in the fields of database + cloud services, smart finance, smart family, smart taxation and smart city. The alliance first tapped into Thailand, Bangladesh, Malaysia, Nigeria, Ethiopia, Tunisia, Tanzania, Zambia, Kenya and other countries in South Asia and Africa to set up a series of model projects to prepare for its full future presence in participating countries.

The alliance also offers both development and maintenance services with overall operating services that include data center maintenance, application development, operation services. This will not only liquidize information resources, but also facilitate the enhancement of soft power in the participating countries in the form of talents and technology.