Saudi Telecom partners with Chinese tech firm Alibaba on cloud services

RIYADH, May 23 (Xinhua) -- Saudi Telecom Company (STC) has entered a joint venture with Chinese tech giant Alibaba Group to launch a cloud services company in Riyadh, with an initial investment of 238 million U.S. dollars.

The new company Alibaba Cloud was also formed in partnership with the Saudi Company for Artificial Intelligence, the Saudi Information Technology Company, and eWTP Arabia Technology Innovation