Siemens, Alibaba Cloud forge industrial IoT partnership | ZDNet
Under the partnership, which was inked in Berlin with German Chancellor Angela Merkel and Chinese Premier Li Keqiang watching, Siemens and Alibaba Cloud agreed to use each other’s technology.
For Siemens, the partnership with Alibaba Cloud gives it a foothold in China’s IoT market with its MindSphere platform. Alibaba Cloud, which has been growing at a rapid clip by leveraging its Chinese customer base, gets industry knowhow and access to larger enterprises.
Alibaba Cloud may also get access to a more diverse customer base given Siemens is a global IT player. Developers have been favoring AWS and Microsoft Azure as IoT platforms. Alibaba Cloud has a $2.8 billion annual revenue run rate.