Memorandum of Understanding will see fostering of industry internet of things in China

A Memorandum of Understanding (MoU) has been signed by Siemens and Alibaba Cloud, under which both companies will partner to foster the industrial internet of things (IoT) in China.

Through leveraging each other’s expertise, technology and industry resources, they will seek to build a unique IoT solution to support Industry 4.0, China’s manufacturing upgrade and transformation and other industrial internet initiatives.

“We continue to build our global industrial digital network by partnering with Alibaba Cloud. This cooperation is a landmark deal for bringing Industry 4.0-solutions to China as the world’s powerhouse of manufacturing. Our customers will be able to unlock the potential of the Industrial Internet of Things with MindSphere now also on the leading Chinese cloud platform,” explained Joe Kaeser, president and CEO of Siemens. “Today, we further strengthen our global leadership in automating and digitalizing the Industrial world.”

“Today’s landmark partnership marks an exciting step towards Alibaba Cloud’s goal to enable digital transformation across the globe. We are delighted to partner with Siemens and together we hope to accelerate the adoption of IoT products and services that will create industry-wide breakthroughs and progress,” said Simon Hu, senior vice president of Alibaba Group and president of Alibaba Cloud.

This collaboration will begins immediately and both companies intend to make MindSphere — Siemens’ cloud-based, open IoT operating system — available on Alibaba Cloud next year.