Sberbank and Huawei have agreed on a large-scale partnership in the cloud technology market


03 March 2020
Kommersant

Sberbank and Huawei have agreed on a large-scale partnership in the cloud technology market. On the SberCloud platform the companies together will be developing a cloud business in Russia, while the Chinese party will abandon the Huawei Cloud brand, which was launched onto the market in 2019. Due to sanctions risks Huawei is switching to a partner model and the agreement will allow Sberbank to become a competitor of large local players, experts say.