Tag: Ant Financial Services Group

  • Orange taps Huawei for public cloud services for MNCs

    Orange taps Huawei for public cloud services for MNCs

    Orange Business Services, the B2B arm under Orange Group, has contracted Huawei to support the delivery of a new global public cloud offering to multinational corporations.

    Under the agreement, Huawei will provide a turnkey solution, including the hardware, develop the technology platform and OpenStack operating system, as well as level-three support. Orange will provide the data center facilities, network and security infrastructure, customers’ infrastructure and applications management, and professional services to support cloud migrations.

    Announcing the partnership at Mobile World Congress in Barcelona this week, Philippe Laplane, director of Orange Cloud for Business at Orange Business Services, said initially the company will target three major verticals – healthcare, public transportation and smart cities – for the new offering.

    With the new offering, Orange is extending its international cloud strategy with a portfolio of advice, integration and managed services for cloud infrastructure and applications.

    The new offering is aimed at helping multinational corporations migrate their legacy enterprise application to the cloud. It is designed to complement the company’s existing private cloud portfolio, Laplane added.

    Orange plans to roll out new services across Western Europe and Southeast Asia in April, followed by the US in October. The Middle East and Africa are scheduled for next year.

    Laplane said the French operator will host two sites in Western Europe and an additional one in Singapore for MNCs with a presence in Asia.

    “Our customers have a genuine need for an international public cloud offering that will allow them to adapt to the uses imposed by new technologies and meet the challenges of transforming their IT services on a global scale,” the executive said.

    “To continue to support them, it is essential for us to have the best technology, combined with the highest levels of security and services, that can meet the challenges of both digital transformation and international development.”

  • Alibaba to take stake in Yum China

    Alibaba to take stake in Yum China

    Yum! Brands has agreed with two partners to invest $460 million into Yum China, following its spinoff from the American fast-food giant.

    Also involved are China-based global private equity firm Primavera Capital Group and online and Alibaba subsidiary, mobile financial services provider Ant Financial Services Group, which runs the Alipay mobile payments platform.

    The spinoff and concurrent finalisation of the investment are expected to occur on October 31, with Yum China to start trading on the New York Stock Exchange the next day as an independent company.

    Under the terms of the agreements, Primavera and Ant Financial will invest $410 million and $50 million respectively in Yum China.

    Primavera founder Dr Fred Hu, former greater China chairman at Goldman Sachs, will be non-executive chairman of the board of Yum China.

    “Yum China is an established leader in the retail and restaurant industry, which we believe is poised for continued strong growth and unit expansion as cities across China invest in new transportation hubs, shopping malls and other physical and electronic infrastructure,” says Dr Hu, describing the Yum China moves as a “new and exciting chapter”.

    Membership services

    “Through this collaboration, we aim to help Yum China provide world-class mobile payment services for tens of millions of customers across its brands,” says Ant Financial Service Group president Eric Jing. “These services include hassle-free Alipay for customers to help shorten queues at the cashier, as well as membership services for Yum China designed to help manage its customer relations and promotions.”

    He says Yum brands KFC and Pizza Hut have seen promising marketing results through promotions on multiple Ant Financial platforms.

    “Primavera and Ant Financial both have deep insights into the rapid urbanisation and digital transformation that is driving the evolution of China’s economy,” says Yum China CEO Micky Pant.

    “The investments from Primavera and Ant Financial in Yum China mark another important milestone in our plans to separate the China business and create a solid foundation for Yum China as it prepares to become an independent restaurant powerhouse,” says Yum! Brands CEO Greg Creed.

    As a licensee of Yum! Brands in China, Yum China Holdings will have exclusive rights to KFC, Pizza Hut and Taco Bell, which has yet to expand to China. KFC and Pizza Hut have more than 7200 restaurants in more than 1000 cities in China.