Siemens signs agreement with Alibaba to launch digital products in China.
The agreement will help modernize Chinese industry, Siemens said in a statement.
(Reuters)- Siemens has agreed with online giant Alibaba to use the Chinese company's cloud infrastructure to deploy its MindSphere digital operating system, the German engineering group said on Monday.
The contract was among a series of Sino-German trade agreements worth around 20 billion euros signed on Monday, with the countries' leaders reiterating commitments to a multilateral global trade order, despite an impending trade war with the United States.
Siemens and Alibaba Cloud, Alibaba's cloud computing arm, have signed a memorandum of understanding to launch so-called Internet of Things (IoT) products that connect hundreds of different manufacturing devices in China.
The agreement will help modernize Chinese industry, Siemens said in a statement. Until now, its digital products have only been offered through Amazon Web Services and Microsoft's Azure online platforms.
Reporting by John Revill