Alibaba To Boost Digital Transformation With A100 Program
Zacks Investment Research | Jan 10, 2019 10:00PM ET
Alibaba Group Holding Limited (NYSE:BABA) recently unveiled A100 business partnership program, in a bid to boost digital transformation in a large number of companies. Per the partnership, the company will provide an array of enterprise services to its members on a single unified platform.
The program will run on Alibaba’s operating system. The company will provide its members an access to its operating system through the program, which will aid them in expanding and efficiently regulating their business operations. The program will initially be extended to Alibaba’s existing partners and gradually be available to companies of all sizes that are searching for digitized solutions.
The operating system is expected to benefit Alibaba in shifting from a platform facilitating e-commerce to a cohesive global technology company. Notably, it is trying to build its business as an ecosystem of retail, cloud and artificial intelligence. Moreover, Alibaba has been processing massive data that is instrumental in improving customer experience and feeding its AI initiatives.
Coming to price performance, Alibaba’s shares have lost 19.6% over a year compared with the Zacks Investment Research
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