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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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    Published: August 2018
    Glossary
    siemens
    The electric conductance of a conductor in which a current of 1 ampere is produced by an electric potential difference of 1 volt.
    internet of things
    The internet of things (IoT) refers to a network of interconnected physical devices, vehicles, appliances, and other objects embedded with sensors, actuators, software, and network connectivity. These devices collect and exchange data with each other through the internet, enabling them to communicate, share information, and perform various tasks without the need for direct human intervention. Key characteristics and components of the internet of things include: Connectivity: IoT devices are...
    BusinessSiemensAlibabaInternet of ThingsAsia-PacificCommunicationsEurope

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