On January 24, 2024, Alibaba Cloud, the digital technology arm of Alibaba Group, and Schaeffler Greater China announced the expansion of their partnership. The collaboration, which began in 2019, aims to enhance Schaeffler's digital transformation efforts across various markets using Alibaba Cloud’s advanced cloud and digital technologies. With a focus on the Asian market, Schaeffler plans to use Alibaba Cloud's robust infrastructure and AI technologies in its business solutions. This will help Schaeffler enhance its digital transformation across its core digital pillars, including smart products, digital value chain, cyber-physical equipment, and digital workplace. Alibaba Cloud, recognized as the No.1 cloud service provider in the APAC market and the third globally, will continue to support Schaeffler's business innovation and expansion.