China Unicom, AliCloud team up

Telecom JV aims to boost cloud computing for government, firms

China United Network Communications Group Co Ltd, the country's second-largest telecom carrier by mobile subscribers, unveiled a joint venture with Ali-Cloud, the cloud computing arm of Alibaba Group Holding Ltd, on Friday, aiming to better tap into cloud business opportunities.

The joint venture, registered in Beijing with a capital of 353 million yuan ($51.4 million), has been established to meet the growing demand from China's governmental institutions and State-owned enterprises for cutting-edge software and information technology solutions.