Core Insights - CapitaLand (China) and Alibaba Cloud Intelligence Group signed a memorandum of cooperation to enhance collaboration across multiple business areas, building on their strategic partnership established in 2019 [1] - The partnership aims to expand from cloud services and data platform development to offline business scenarios, focusing on digital transformation and cost reduction in IT infrastructure [1][2] - CapitaLand's diverse business ecosystem will provide various solutions for Alibaba's ecosystem, with potential collaboration in data centers, real estate asset management, and marketing services [1] Group 1 - The collaboration will focus on smart business operations, big data capabilities, and ESG digital management, enhancing technological empowerment and scenario integration [2] - CapitaLand plans to migrate its enterprise systems to Alibaba Cloud, significantly reducing IT infrastructure costs in China [1] - The data platform developed by CapitaLand supports multiple business segments, facilitating cross-departmental and cross-system data sharing and collaboration [1] Group 2 - The partnership will leverage Alibaba Cloud's AI technology to enhance smart business and customer service based on CapitaLand's online and offline business scenarios [2] - The collaboration aims to upgrade enterprise big data capabilities, creating a data-driven operational and decision-making system for customer profiling, precision marketing, and risk management [2] - CapitaLand's sustainable development strategy will be combined with Alibaba Cloud's ESG capabilities to create a green, low-carbon real estate ecosystem and smart spaces [2]

Group 1 - The core viewpoint of the news is the deepened collaboration between CapitaLand (China) and Alibaba Cloud, marking a new phase of strategic partnership since their initial cooperation in 2019 [1] - The memorandum outlines three main areas of focus: smart business operations, big data capabilities, and ESG digital management, leveraging Alibaba Cloud's AI technology to enhance customer service and operational efficiency [1] - CapitaLand has been promoting business growth through digital technology since 2015, and the new collaboration aims to elevate the synergy between the two companies [1] Group 2 - Since their first partnership in 2019, CapitaLand has fully migrated its core business systems to Alibaba Cloud, significantly reducing IT infrastructure costs [2] - The data platform established by CapitaLand now provides comprehensive data support across multiple business sectors, serving as a central hub for data sharing and collaboration [2]

Core Insights - CapitaLand (China) and Alibaba Cloud Intelligence Group signed a memorandum of cooperation to enhance collaboration across multiple business areas, marking a significant advancement since their strategic partnership began in 2019 [1][3] Group 1: Partnership Development - The new cooperation aims to extend collaboration from cloud-based digitalization to offline multi-business scenarios, entering a new phase of inter-group cooperation [1] - CapitaLand's CEO emphasized the importance of digital technology in driving business growth since 2015, expressing confidence that closer collaboration with Alibaba will elevate their partnership [3] - Alibaba Cloud's Chief Strategy Officer highlighted the goal of integrating cloud and AI technologies with offline smart real estate to improve operational efficiency and customer experience [3] Group 2: Achievements and Future Directions - Since the 2019 strategic partnership, both companies have made significant progress in cloud services and data platform development, notably reducing CapitaLand's IT infrastructure costs in China [3][4] - CapitaLand's diverse business ecosystem can provide various solutions for Alibaba's ecosystem, with plans to explore additional collaboration areas such as data centers, real estate asset management, and marketing services [4] - The partnership will focus on smart business operations, big data capabilities, and ESG digital management to drive intelligent upgrades and sustainable development in the real estate sector [6]