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Siemens, Alibaba Partner for Chinese Internet of Things Development

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MUNICH, Aug. 16, 2018 — Siemens AG and Alibaba Cloud, the cloud computing arm of the Alibaba Group, have signed a memorandum of understanding to partner for industrial development of the Internet of Things (IoT) in China. The two companies will leverage each other’s technology and industry resources to build a unique IoT solution to support Industrie 4.0, China’s manufacturing upgrade and transformation and other industrial internet initiatives. Joe Kaeser, president and CEO of Siemens AG, and Simon Hu, senior vice president of Alibaba Group and president of Alibaba Cloud, signed the agreement in...Read full article

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