Alibaba, SoftBank form cloud-computing venture
Chinese e-commerce company Alibaba has partnered Japanese telecom giant SoftBank to form a new cloud-computing joint venture, named SB Cloud Corporation or "SB Cloud", in Japan. The new venture, which will be 60% owned by SoftBank and the remaining by Alibaba, will open a data center in Japan and deliver Alibaba Cloud services and technology to SoftBank's corporate customers.