Chinese e-commerce giant Alibaba Group will contribute its cloud computing capabilities to transform Macau, an autonomous region on the south coast of China, into one of Asia Pacific's leading smart cities, South China Morning Post reported. Alibaba and Macau signed an agreement on Friday August 4.
Big Data and Analytics AP
Japan's SoftBank announced that it has entered into a definitive agreement of investment in Energy IoT Platformer, ENCORED INC. ("Encored"). On August 1, the corporate name will change from ENCORED INC. to Encored Japan Inc. ("Encored Japan"). SoftBank will also invest in Encored USA.
The Cloud Security Alliance (CSA) and Ernst & Young (EY) China have released the results of a joint survey into the adoption of cloud computing by the financial services industry in China, saying adoption has reached a tipping point within the industry.