SBI Holdings Inc. Acquires Minority Shares in FPT Smart Cloud Japan

SBI Holdings Inc., a Japanese financial service company listed on the Tokyo Stock Exchange, has entered into a business agreement with Sumitomo Corporation to acquire minority shares in FPT Smart Cloud Japan, a subsidiary of Vietnam’s FPT Corporation.

Partnership Details

• The partnership involves the acquisition of minority shares by SBI Holdings Inc. and Sumitomo Corporation in FPT Smart Cloud Japan.
• FPT Corporation, a Vietnamese technology company, will establish a Japan AI data center as part of the agreement.
• An initial investment of $200 million has been made by FPT Corporation to support the partnership.

Objectives of the Partnership

• The partnership aims to promote the adoption of artificial intelligence (AI) in Japan.
• The partnership is expected to deliver cutting-edge AI solutions and accelerate the integration of AI across various sectors in Japan.

Key Highlights

• The partnership between SBI Holdings Inc., Sumitomo Corporation, and FPT Smart Cloud Japan is expected to drive innovation and growth in the Japanese market.
• The establishment of a Japan AI data center by FPT Corporation will provide a platform for the development and deployment of AI solutions in Japan.