China Merchants Securities International, Alibaba Cloud and DingTalk Form Trilateral Partnership
Jun 28, 2018
Initiatives range from smart office to cloud services, big data and AI solutions
Hong Kong, June 28, 2018 – China Merchants Securities International Company Limited (CMSI), the overseas business platform of China Merchants Securities Co., Ltd. has today entered into a strategic partnership with Alibaba Cloud, the cloud computing arm of Alibaba Group and DingTalk, the enterprise communication and collaboration platform of Alibaba Group. The three-way partnership aims to accelerate CMSI's digital transformation as the company expands its services to more customers worldwide.
CMSI is a global financial institution with presence in Hong Kong, the United Kingdom, Korea and Singapore. The company has embarked on a digitization journey as part of its global expansion strategy.
The partnership is the latest example of Alibaba Cloud's capability to offer powerful and scalable solutions to the financial sector.
CMSI CTO Jeff Choi said: "As our operations and clients continue to expand in key financial centers across the world, we recognize the importance of being an industry pioneer in digital transformation. Alibaba Cloud, with their global presence in cloud data centers and vast network resources, will enable us to explore a wider range of digital solutions and to potentially offering more tailor-made and all-rounded financial products to our customers around the world."
Under the partnership, Alibaba Cloud will provide cloud computing services and consultation to support CMSI's IT infrastructure while CMSI will leverage Alibaba Cloud's big data and AI capability to underpin its digital upgrade.
Simon Hu, Senior Vice President of Alibaba Group and President of Alibaba Cloud, said: "Alibaba Cloud's vision is to build an infrastructure that benefits all and this partnership is a case in point. Through this partnership, CMSI can leverage our technologies to start their digital transformation. Working with an industry pioneer like CMSI also helps Alibaba Cloud to foster closer ties and work with industry leaders to co-develop more practical solutions for the financial sector."
As an integral part of the digital transformation, CMSI plans to adopt DingTalk as its first enterprise instant messaging platform. By leveraging DingTalk's seamless real-time communications service, CMSI can boost its operational efficiency and create a more cohesive office environment across the board.
"DingTalk is multi-functional application which allows us to have faster and more secured instant communications both internally and externally," CMSI CTO Jeff Choi added.
Chris Wang, Head of Global Business Development of DingTalk, said: "With DingTalk's smart office platform, CMSI is poised to increase efficiency through secure instant messaging and unified communication features. CMSI will be able to promote a paperless environment for many office workflows. DingTalk's contact management function can easily map out the organization's structure; resulting in a clearer and more open communication channel for CMSI personnel to correspond and collaborate."
About Alibaba Cloud
Established in 2009, Alibaba Cloud (www.alibabacloud.com), the cloud computing arm of Alibaba Group, was China’s largest provider of public cloud services in 2016 by revenue, according to IDC. Alibaba Cloud provides a comprehensive suite of cloud computing services to businesses worldwide, including merchants doing business on Alibaba Group marketplaces, start-ups, corporations and government organizations. Alibaba Cloud is the official Cloud Services Partner of the International Olympic Committee.
DingTalk is a powerful communication and collaboration platform serving enterprises and organizations. By using latest mobile and cloud technology, DingTalk provides message, voice and video communication, workflow management and office automation functions to enterprises in various sizes.
A wholly owned subsidiary of China Merchants Securities Co., Ltd ("CMS") incorporated in Hong Kong in 1999, CMSI is the main overseas business platform of CMS. CMSI has subsidiaries in financial centers across the world, such as Hong Kong, the United Kingdom, Korea and Singapore. CMSI provides a full range of financial services including brokerage, corporate finance, sales and trading, leveraged and structured lending, asset management, private equity, global commodities and futures.
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