Logistics and Bhasad (2022) Hindi Web Seriese-commerce tech giant GoTo has agreed to use Alibaba Cloud services in a strategic partnership deal for five years, with Alibaba committed to retaining its stake in GoTo for the duration of the deal. “This strategic partnership combines Alibaba Cloud’s world-class cloud computing and artificial intelligence capabilities with GoTo’s extensive ecosystem,” says Selina Yuan, Vice President of Alibaba, according to an email sent to TechNode. The Chinese e-commerce giant reduced its stake in GoTo in 2022 months after the Indonesian company listed in Jakarta, having been one of its first investors. Stock prices have since plummeted by around 80%. The cooperation is the latest effort by Alibaba’s cloud computing unit to seek growth internationally. [TechNode reporting]
