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BABA Alibaba Group Holding Limited

72.555
1.88 (2.65%)
Last Updated: 18:10:28
Delayed by 15 minutes
Name Symbol Market Type
Alibaba Group Holding Limited NYSE:BABA NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  1.88 2.65% 72.555 72.80 70.99 71.08 10,935,063 18:10:28

SAP and Alibaba to Expand Partnership

19/09/2018 10:14am

Dow Jones News


Alibaba (NYSE:BABA)
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   By Max Bernhard 
 

German business-software vendor SAP SE (SAP.XE) and Chinese internet giant Alibaba Group Holding Ltd. (BABA) plan to expand their partnership in online platform services, the two companies said Wednesday.

The companies plan to offer SAP's online business-process-management software SAP S/4HANA and SAP Cloud Platform to customers of Alibaba's cloud-computing business in China.

Under the terms of the agreement, SAP will continue to use Alibaba Cloud technology and Alibaba will use SAP S/4HANA in return.

 

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

 

(END) Dow Jones Newswires

September 19, 2018 04:59 ET (08:59 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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