Latest news with #AlibabaGroup
Mid East Info
21 hours ago
- Business
- Mid East Info
Alibaba Group and SAP Announce Strategic Partnership to Accelerate AI-Powered Digital Transformation - Middle East Business News and Information
Alibaba Group NYSE: BABA and HKEX: 9988 and SAP SE (NYSE: SAP)announced a strategic partnership to jointly accelerate enterprise innovation and digital transformation through advanced cloud and AI technologies. The partnership combines SAP ' s industry-leading enterprise software with Alibaba Cloud ' s secure, scalable cloud infrastructure and cutting-edge AI capabilities. Alibaba Cloud will be part of the latest SAP Infrastructure as a Service (IaaS) Certification Program, to fully support customers running SAP's enterprise cloud solutions. Alibaba Group will also leverage SAP Cloud ERP Private for its enterprise infrastructure as part of the collaboration. The collaboration will initially focus on the China market and rollout is planned for Southeast Asia, the Middle East and Africa to enable enterprises to implement SAP Integrated Business Planning (IBP) and embark on their RISE with SAP and GROW with SAP journeys. With Alibaba Cloud as a certified hyperscaler for SAP workloads, enterprises will also be able to deploy SAP Cloud ERP and SAP Cloud ERP Private solutions on Alibaba Cloud ' s infrastructure. The global IaaS market is projected to grow from $190.32 billion in 2025 to $712.46 billion by 2032, at a CAGR of 20.8% Infrastructure as a Service [IaaS] Market Share & Growth, 2032 with the Middle East region, according to leading consulting firms, set to account for 2–4% of the global IaaS market, which would translate to approximately $3.8 to $7.6 billion in 2025. The two companies also plan to establish a joint go-to-market approach to serve global businesses across industries with scalable and intelligent solutions tailored to local needs. Alibaba Group also plans to deploy SAP Business AI, SAP Business Technology Platform, SAP Ariba, SAP Integrated Business Planning, SAP SuccessFactors, SAP Concur, and SAP Emarsys solutions to further optimize its technological backbone, ensuring greater agility and resilience in serving its vast ecosystem of businesses and consumers. The partnership also marks a significant step forward in enterprise AI integration. SAP is exploring the integration of Alibaba ' s large language model, Qwen, to the SAP generative AI hub in SAP AI Core in China, to enable enterprise users to access localized generative AI capabilities within SAP ' s applications and Custom AI applications. SAP is also exploring the deployment of its SAP AI Foundation on Alibaba Cloud to bring powerful, scalable AI tools to customers operating in China. 'Our collaboration with SAP reinforces our commitment to empowering global businesses with world-class technologies,' said Joe Tsai, Chairman of Alibaba Group. 'By combining SAP's enterprise software with Alibaba Cloud's robust infrastructure and AI capabilities, we are enabling customers to build smarter, more agile operations.' 'Our collaboration with Alibaba Group is a testament to the power and flexibility of SAP's cloud solutions,' said Christian Klein, CEO of SAP SE. 'Our joint go-to-market strategy can unlock new opportunities for enterprises by providing them with access to a comprehensive suite of tools and services. Together, we can help our joint customers drive innovation, improve operational performance, and create new competitive advantages, and we look forward to working with Alibaba to shape the future of cloud-powered digital transformation.'
Zawya
a day ago
- Business
- Zawya
Alibaba Group and SAP announce strategic partnership to accelerate AI-powered digital transformation
Madrid, Spain — Alibaba Group (NYSE: BABA and HKEX: 9988) and SAP SE (NYSE: SAP)announced a strategic partnership to jointly accelerate enterprise innovation and digital transformation through advanced cloud and AI technologies. The partnership combines SAP's industry-leading enterprise software with Alibaba Cloud's secure, scalable cloud infrastructure and cutting-edge AI capabilities. Alibaba Cloud will be part of the latest SAP Infrastructure as a Service (IaaS) Certification Program, to fully support customers running SAP's enterprise cloud solutions. Alibaba Group will also leverage SAP Cloud ERP Private for its enterprise infrastructure as part of the collaboration. The collaboration will initially focus on the China market and rollout is planned for Southeast Asia, the Middle East and Africa to enable enterprises to implement SAP Integrated Business Planning (IBP) and embark on their RISE with SAP and GROW with SAP journeys. With Alibaba Cloud as a certified hyperscaler for SAP workloads, enterprises will also be able to deploy SAP Cloud ERP and SAP Cloud ERP Private solutions on Alibaba Cloud's infrastructure. The global IaaS market is projected to grow from $190.32 billion in 2025 to $712.46 billion by 2032, at a CAGR of 20.8% [Infrastructure as a Service [IaaS] Market Share & Growth, 2032] with the Middle East region, according to leading consulting firms, set to account for 2–4% of the global IaaS market, which would translate to approximately $3.8 to $7.6 billion in 2025. The two companies also plan to establish a joint go-to-market approach to serve global businesses across industries with scalable and intelligent solutions tailored to local needs. Alibaba Group also plans to deploy SAP Business AI, SAP Business Technology Platform, SAP Ariba, SAP Integrated Business Planning, SAP SuccessFactors, SAP Concur, and SAP Emarsys solutions to further optimize its technological backbone, ensuring greater agility and resilience in serving its vast ecosystem of businesses and consumers. The partnership also marks a significant step forward in enterprise AI integration. SAP is exploring the integration of Alibaba's large language model, Qwen, to the SAP generative AI hub in SAP AI Core in China, to enable enterprise users to access localized generative AI capabilities within SAP's applications and Custom AI applications. SAP is also exploring the deployment of its SAP AI Foundation on Alibaba Cloud to bring powerful, scalable AI tools to customers operating in China. 'Our collaboration with SAP reinforces our commitment to empowering global businesses with world-class technologies,' said Joe Tsai, Chairman of Alibaba Group. 'By combining SAP's enterprise software with Alibaba Cloud's robust infrastructure and AI capabilities, we are enabling customers to build smarter, more agile operations.' 'Our collaboration with Alibaba Group is a testament to the power and flexibility of SAP's cloud solutions,' said Christian Klein, CEO of SAP SE. 'Our joint go-to-market strategy can unlock new opportunities for enterprises by providing them with access to a comprehensive suite of tools and services. Together, we can help our joint customers drive innovation, improve operational performance, and create new competitive advantages, and we look forward to working with Alibaba to shape the future of cloud-powered digital transformation."
Korea Herald
3 days ago
- Business
- Korea Herald
Alibaba's Joe Tsai emphasized Trust as the 5th BEYOND Expo closed
'Fund at First Pitch' attracts Global Investors with Future Tech MACAO, May 28, 2025 /PRNewswire/ -- The 5 th BEYOND Expo 2025 wrapped up at The Venetian® Macao's Cotai Expo after delivering a packed program of events that brought to life its vision of "Empowering Asia, Bridging the World". Following four days of talks by tech leaders and visionaries, the Expo closed with the finals of Fund at First Pitch and a fireside chat with Alibaba Group Chairman Joe Tsai, illustrating the Expo's commitment to supporting tech innovation in Asia. This year's BEYOND Expo attracted more than 800 companies, 800 investors and 25,000 visitors, across sectors from AI, HealthTech and Clean Energy to Robotics and SportsTech, making it the biggest BEYOND Expo yet and one of the largest annual pan-Asian technology gatherings. In a fireside chat with BEYOND Expo Co-Founder Jason Ho, Alibaba Group Chairperson Joe Tsai shared his views on Chinese companies going overseas, the challenges of doing business in the current business climate and the role of sport in global entertainment. He emphasized the importance of trust in business as part of a company's mission. "Trust is built up over time. It's very difficult to establish trust overnight. It's all about people working together to achieve a goal. I think it's easier if you have a common goal that you're aiming for, then you can work on the details of establishing that trust. At Alibaba, from day one, we had a mission. The mission is to make it easy to do business anywhere because we wanted to help small businesses to use the internet platform to aspire globally. And that's something that stayed true to us even today. So, our mission 26 years ago is the same mission today." He also highlighted how there are benefits to being a Chinese company but localization and cultural understanding remain key to success. "China today is recognized globally, especially in technology. People do look to China when it comes to AI, consumer internet, and cloud computing. China is definitely a heavyweight player in the global market, and for Alibaba being in the Chinese market because approximately 80%+ of our revenues still come from China. We do get recognized globally because China is a big country and a very important country in the whole global technology race." Talking about the future of technology he said "We've done very well with AI and large language models, AI is able to understand knowledge, and now able to reason. But spatial intelligence is where there still needs to be more advances in order for the robotics industry to move forward". BEYOND Expo included discussions about SportsTech. As Joe Tsai explained how the Brooklyn Nets can become a cultural concept and a global brand that extends beyond basketball. NIP Group CEO and the Macau E-Sports Federation Chairman Mario Ho shared his vision for the future of e-sports. Sports featured prominently throughout the Expo, with a popular demonstration arena set up the NBA, sports technology solutions from cycling to tennis, and exhibitor visits by former NBA stars Yao Ming and Metta World Peace. BEYOND Expo's Fund at First Pitch (FAFP) aims to encourage innovation and attract investment funding for winners. JumpStart Media Executive Chairman James Kwan chaired the 2025 Fund at First Pitch. Judges included Artest Management Group (AMG) Chairman, Metta World Peace; Gobi Partners Co-founder and Chairperson Thomas Tsao, and Lingotto Innovation Managing Partner & Co-Head Morgan Samet who quizzed five finalists and gave company valuations as they pitched their ideas. Gobi Partners is a leading Asia-focused venture capital firm with US$1.6 billion in assets under management (AUM) which has invested in over 380 startups. Lingotto Innovation is an investment company wholly owned by Exor which is owned by the Italian Agelli family. Innovative technology investments include Neura Robotics and Optalysys. Finalists of 'Fund at First Pitch' were AI Green Limited, with a 100% bio-based polyurethane formulation for coatings that is bio-based, carbon-reducing, affordable, waterproof, recyclable, and durable. EcoLution is a Finnish-Chinese JV promoting low-carbon farming by upcycling by-products such as tofu. Healytec is a sports recovery tech company with a portable, lightweight hot and cold recovery device that reaches from +45 degrees to -10 creating a new standard in the market. AI4C is an AI agent that can connect to existing systems such as enterprise systems, including CRM, ERP, office automation to create greater efficiencies. 11Talk is an AI language-learning app tailored to the needs of Chinese learners. Past years of Fund at First Pitch have resulted in millions of dollars of funding. BEYOND Expo Closing Ceremony @ The Venetian® Macao's Cotai Expo BEYOND Expo 2025 was held at The Venetian® Macao's Cotai Expo. Since opening, Cotai Expo has been a leading conference, meetings and exhibition venue in Macao, and is one of the largest MICE venues in Asia, with approximately 71,000 square metres of exhibition space. It is also part of Sands® Resorts Macao, which attracts top event planners from around the world due to its 150,000 square metres of MICE space, world-class entertainment venues, award-winning accommodation, spectacular recreation and leisure options, unrivalled shopping experiences, and dynamic dining options. Sands Resorts Macao's newest hotel, located within The Londoner® Macao, is Londoner Grand, which marks a bold new chapter in luxury for discerning travellers and event planners. About BEYOND Expo The BEYOND International Technology Innovation Expo (BEYOND Expo) is Asia's leading annual technology event. Serving as a dynamic platform since 2021, BEYOND Expo not only showcases global technological innovations but also provides a unique opportunity to foster innovation upgrades across diverse industries and regions. BEYOND Expo has attracted participation from Asia's Fortune 500 companies, multinational corporations, unicorn companies, and emerging startups. Through a multifaceted approach involving expos, summits, and various activities, BEYOND Expo has successfully cultivated an innovative ecosystem, propelling collective development in the Asia-Pacific region and the global technology innovation industry.
Channel Post MEA
3 days ago
- Business
- Channel Post MEA
Alibaba Group To Leverage SAP Cloud ERP Private For Its Enterprise Infrastructure
SAP has entered into a strategic partnership with Alibaba Group to accelerate cloud transformation. As part of the collaboration, Alibaba Group will leverage SAP Cloud ERP Private for its enterprise infrastructure, as well as a joint go-to-market strategy aimed at delivering accelerated value for customers worldwide. Alibaba, the Chinese multinational technology company focused on e-commerce and cloud computing, will leverage SAP Business Suite for faster maintenance, smooth upgrades and easier integration of artificial intelligence (AI) capabilities into core business processes. Alibaba Group also plans to deploy SAP Business AI, SAP Business Technology Platform, and SAP Ariba, SAP Integrated Business Planning, SAP SuccessFactors, SAP Concur, and SAP Emarsys solutions to further optimize its technological backbone, enabling greater agility and resilience in serving its vast ecosystem of businesses and consumers. 'Our collaboration with SAP reinforces our commitment to empowering global businesses with world-class technologies,' Alibaba Group Chairman Joe Tsai said. 'By combining SAP's enterprise software with Alibaba Cloud's robust infrastructure and AI capabilities, we can help customers build smarter, more agile operations.' The collaboration marks the next chapter in Alibaba's and SAP's longstanding partnership focused on enhancing operational efficiency and accelerating innovation for joint customers. A core component of this strategic alliance is a joint go-to-market initiative. Under the collaboration initially focused on the China market, enterprises will be able to implement SAP Integrated Business Planning and embark on the RISE with SAP and GROW with SAP journeys. It is also planned to be rolled out in Southeast Asia, the Middle East and Africa. With Alibaba Group as a certified hyperscaler for SAP software workloads, Chinese enterprises will also be able to deploy SAP Cloud ERP and SAP Cloud ERP Private solutions, empowering them with scalable, more secure and intelligent solutions tailored to local business needs. Marking a significant step in enterprise AI integration, SAP is also exploring the integration of Alibaba's large language model, Qwen, to the generative AI hub in SAP AI Core in China to enable enterprise users to access localized generative AI capabilities within SAP software applications and Custom AI applications. In parallel, SAP is exploring the deployment of its AI Foundation on Alibaba Cloud to bring powerful, scalable AI tools to customers operating in China. Alibaba also will be part of the latest infrastructure-as-a-service certification program to support customers running SAP's enterprise solutions. 'Our collaboration with Alibaba Group is a testament to the power and flexibility of SAP's cloud solutions,' SAP CEO Christian Klein said. 'Our joint go-to-market strategy can unlock new opportunities for enterprises by providing them with access to a comprehensive suite of tools and services. Together, we can help our joint customers drive innovation, improve operational performance and create new competitive advantages. We look forward to working with Alibaba to shape the future of cloud-powered digital transformation.' 0 0
Yahoo
3 days ago
- Business
- Yahoo
Alibaba's Joe Tsai emphasized Trust as the 5th BEYOND Expo closed
'Fund at First Pitch' attracts Global Investors with Future Tech MACAO, May 28, 2025 /PRNewswire/ -- The 5th BEYOND Expo 2025 wrapped up at The Venetian® Macao's Cotai Expo after delivering a packed program of events that brought to life its vision of "Empowering Asia, Bridging the World". Following four days of talks by tech leaders and visionaries, the Expo closed with the finals of Fund at First Pitch and a fireside chat with Alibaba Group Chairman Joe Tsai, illustrating the Expo's commitment to supporting tech innovation in Asia. This year's BEYOND Expo attracted more than 800 companies, 800 investors and 25,000 visitors, across sectors from AI, HealthTech and Clean Energy to Robotics and SportsTech, making it the biggest BEYOND Expo yet and one of the largest annual pan-Asian technology gatherings. In a fireside chat with BEYOND Expo Co-Founder Jason Ho, Alibaba Group Chairperson Joe Tsai shared his views on Chinese companies going overseas, the challenges of doing business in the current business climate and the role of sport in global entertainment. He emphasized the importance of trust in business as part of a company's mission. "Trust is built up over time. It's very difficult to establish trust overnight. It's all about people working together to achieve a goal. I think it's easier if you have a common goal that you're aiming for, then you can work on the details of establishing that trust. At Alibaba, from day one, we had a mission. The mission is to make it easy to do business anywhere because we wanted to help small businesses to use the internet platform to aspire globally. And that's something that stayed true to us even today. So, our mission 26 years ago is the same mission today." He also highlighted how there are benefits to being a Chinese company but localization and cultural understanding remain key to success. "China today is recognized globally, especially in technology. People do look to China when it comes to AI, consumer internet, and cloud computing. China is definitely a heavyweight player in the global market, and for Alibaba being in the Chinese market because approximately 80%+ of our revenues still come from China. We do get recognized globally because China is a big country and a very important country in the whole global technology race." Talking about the future of technology he said "We've done very well with AI and large language models, AI is able to understand knowledge, and now able to reason. But spatial intelligence is where there still needs to be more advances in order for the robotics industry to move forward". BEYOND Expo included discussions about SportsTech. As Joe Tsai explained how the Brooklyn Nets can become a cultural concept and a global brand that extends beyond basketball. NIP Group CEO and the Macau E-Sports Federation Chairman Mario Ho shared his vision for the future of e-sports. Sports featured prominently throughout the Expo, with a popular demonstration arena set up the NBA, sports technology solutions from cycling to tennis, and exhibitor visits by former NBA stars Yao Ming and Metta World Peace. BEYOND Expo's Fund at First Pitch (FAFP) aims to encourage innovation and attract investment funding for winners. JumpStart Media Executive Chairman James Kwan chaired the 2025 Fund at First Pitch. Judges included Artest Management Group (AMG) Chairman, Metta World Peace; Gobi Partners Co-founder and Chairperson Thomas Tsao, and Lingotto Innovation Managing Partner & Co-Head Morgan Samet who quizzed five finalists and gave company valuations as they pitched their ideas. Gobi Partners is a leading Asia-focused venture capital firm with US$1.6 billion in assets under management (AUM) which has invested in over 380 startups. Lingotto Innovation is an investment company wholly owned by Exor which is owned by the Italian Agelli family. Innovative technology investments include Neura Robotics and Optalysys. Finalists of 'Fund at First Pitch' were AI Green Limited, with a 100% bio-based polyurethane formulation for coatings that is bio-based, carbon-reducing, affordable, waterproof, recyclable, and durable. EcoLution is a Finnish-Chinese JV promoting low-carbon farming by upcycling by-products such as tofu. Healytec is a sports recovery tech company with a portable, lightweight hot and cold recovery device that reaches from +45 degrees to -10 creating a new standard in the market. AI4C is an AI agent that can connect to existing systems such as enterprise systems, including CRM, ERP, office automation to create greater efficiencies. 11Talk is an AI language-learning app tailored to the needs of Chinese learners. Past years of Fund at First Pitch have resulted in millions of dollars of funding. BEYOND Expo Closing Ceremony @ The Venetian® Macao's Cotai Expo BEYOND Expo 2025 was held at The Venetian® Macao's Cotai Expo. Since opening, Cotai Expo has been a leading conference, meetings and exhibition venue in Macao, and is one of the largest MICE venues in Asia, with approximately 71,000 square metres of exhibition space. It is also part of Sands® Resorts Macao, which attracts top event planners from around the world due to its 150,000 square metres of MICE space, world-class entertainment venues, award-winning accommodation, spectacular recreation and leisure options, unrivalled shopping experiences, and dynamic dining options. Sands Resorts Macao's newest hotel, located within The Londoner® Macao, is Londoner Grand, which marks a bold new chapter in luxury for discerning travellers and event planners. About BEYOND Expo The BEYOND International Technology Innovation Expo (BEYOND Expo) is Asia's leading annual technology event. Serving as a dynamic platform since 2021, BEYOND Expo not only showcases global technological innovations but also provides a unique opportunity to foster innovation upgrades across diverse industries and regions. BEYOND Expo has attracted participation from Asia's Fortune 500 companies, multinational corporations, unicorn companies, and emerging startups. Through a multifaceted approach involving expos, summits, and various activities, BEYOND Expo has successfully cultivated an innovative ecosystem, propelling collective development in the Asia-Pacific region and the global technology innovation industry. 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