Partners have always been a key focus for Alibaba Cloud, and we are committed to providing them with strong support, both technologically and commercially. – Selian Yuan, Alibaba Cloud Intelligence International President
Alibaba Cloud says it will be investing $1 billion in upgrading its partner ecosystem. As the economy takes a downturn, Alibaba hopes the additional investment into the partnerships ecosystem will create a boon for innovation.
Walmart partners with social media
Nearly two-thirds of Gen Z and millennials make purchases on social media. Walmart hopes to capture a portion of those sales by partnering with TikTok, Snapchat, Firework, TalkShopLive, and Roku.
Walmart says the partnerships are part of its commitment to innovation and experimentation.