Here's How Alibaba Looks To Aid In Digital Transformation Of Enterprises

Alibaba Group Holding Limited BABA created a new subsidiary, Lingyang Intelligent Service Co, to help companies in their digital transformation, the SCMP reports.
It reflects Alibaba's effort to engage new market segments and industries as domestic online retail competition amplified amid weak consumer spending and economic slowdown.
The move shortly follows Chair and CEO Daniel Zhang Yong's article stressing the importance of technology to Chinese society.
Also Read: Alibaba Goes Amazon Way To Develop In-House Silicon
Lingyang will offer "data-intelligence-as-a-service" to enterprises by leveraging the expertise of Alibaba.
Alibaba coined the term to distinguish Lingyang's offering from software-as-a-service, a long-standing enterprise delivery model in which software is accessed online via subscription.
The core team of Lingyang's involvement in significant events like the annual Singles' Day shopping festival has made them conversant about data.
Alibaba VP Peng Xinyu, an expert in corporate data management, serves as CEO at Lingyang.
Lingyang's 11 core products include Dataphin, Bizphin, Quick Audience, Quick BI (for business intelligence0, Business Adviser and Operation Adviser.
Alibaba has already expanded its reach into the enterprise services market via Alibaba Cloud.
Alibaba Cloud recently reported that it turned in a full-year profit for the first time in 13 years, posting a 1.1 billion yuan ($164 million) profit for the 12 months to March 31.
Alibaba emphasized focusing overseas to beat the overhang from the uncertain domestic regulatory environment.
Price Action: BABA shares traded lower by 2.56% at $113.03 on the last check Tuesday.
Photo by Fooksou Lamimo via Wikimedia

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