Russia's Sberbank partners with China's Huawei on cloud services [Reuters]
SBERBANK OF RUSSIA S/ADR (SBRCY)
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Source: Reuters
Russia's Sberbank partners with China's Huawei on cloud services MOSCOW, March 3 (Reuters) - Sberbank and Chinese technology giant Huawei said on Tuesday they had formed a strategic partnership to provide cloud services for Russian businesses, extending the reach of Russia’s largest bank into the country’s digital economy. SberCloud.Advanced clients, which Sberbank hopes will range from large businesses to small and medium-sized enterprises (SMEs) and start-ups, will have access to 37 new cloud services, and will represent a first on the Russian market because all services will be fully integrated into one system. State-owned Sberbank, which has investments in Russian internet giants Yandex and Mail.Ru, has been steadily transforming itself from banking to online services. The partnership with Huawei, the world’s biggest producer of telecommunications equipment, is further evidence of Sberbank’s commitment to its digital goals, which chief executive German Gref set out in a Reuters in
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