The companies signed an extensive Memorandum of Understanding, outlining the areas in which their respective business units and subsidiaries (including Alibaba Cloud, Cainiao Smart Logistic Network, Bolloré Logistics and Blue Solutions), have agreed to co-operate and develop a number of relevant joint projects.
In addition, the groups have decided to share their expertise and market knowledge to explore new business opportunities, notably in China, Europe and Africa. The main joint initiatives and projects include cloud computing and innovation. As part of the agreement, Alibaba Cloud, the computing arm of Alibaba Group, will provide a comprehensive suite of solutions to the Bolloré Group, encompassing cloud computing capabilities, big data, artificial intelligence, content delivery network and security solutions, which will be combined with the knowledge and strength of the Bolloré Group to create joint value proposition.