Alibaba Group and SAP also announced that they will jointly design local solutions that meet the unique needs of Chinese enterprises to help accelerate their digital transformation, as well as co-innovate in the areas of Internet-of-Things, Artificial Intelligence and enterprise-level Big Data applications.

Stefan Wagner, Global Senior Vice President, SAP, said: "Through our close partnership with Alibaba, we are deploying SAP S/4HANA Cloud and SAP Cloud Platform on the leading IaaS platform in China, to help Chinese enterprises speed up their migration to the Cloud, and spur their innovation and transformation. Delivering on our strategy ‘in China for China’, SAP runs several co-engineering activities with Alibaba, combining our strengths to deliver solutions tailored to the Chinese market.”

Ken Shen, President of Global Ecosystem of Alibaba Cloud Intelligence, said: “The integration of SAP’s world leading enterprise solution with Alibaba Cloud’s advanced intelligent platform will bring great value to customers, and help them to accelerate their digital transformation with much better experience. The partnership with SAP is an important practice for Alibaba Cloud to implement its ‘to be integrated‘ and globalization strategy.”

SAP S/4HANA Cloud, the digital core suite-of-choice to run a successful business in the cloud, companies can migrate vital business processes in a cost-effective manner, experience faster deployment and shortened return on investment time. As an open and agile application and integration platform, SAP Cloud Platform enables Alibaba Cloud’s customers to extend their current business solutions, build new applications and integrate with third-party technologies efficiently. Chinese businesses can expect to benefit from a versatile, all-inclusive cloud computing environment.

Alibaba Group and SAP entered into the strategic partnership in 2016, with a goal of jointly delivering enterprise-class cloud computing services to companies in China. The alliance aims to accelerate the introduction and adoption of enterprise-class cloud computing across multiple industries to help businesses accelerate their digital transformation.

About SAP

As the cloud company powered by SAP HANA®, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables more than 437,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.

About Alibaba Group:

Our mission is to make it easy to do business anywhere. We aim to build the infrastructure of commerce. We envision that our customers will meet, work and live at Alibaba, and that we will be a company that lasts at least 102 years.