Doo Tech, a subsidiary of Singapore based online trading brands operator Doo Group, has announced that it has officially signed a memorandum of understanding (MoU) with Alibaba Cloud International, the cloud computing subsidiary of Chinese ecommerce giant Alibaba Group. The parties said that this milestone cooperation is not only a strong combination of the technical strengths of both parties, but also marks a key step taken by Doo Group in promoting the intelligent upgrading of global financial technology.
Deepening cooperation: building a core engine for financial technology
Based on the framework of the agreement, this cooperation will focus on three core areas, aiming to reshape industry service standards:
Deepening financial technology integration: The two parties will carry out in-depth collaboration in the fields of securities, futures and online trading platforms. By integrating Alibaba Cloud’s powerful cloud computing infrastructure and platform service capabilities with Doo Tech’s technical practical experience in diversified financial markets, they will provide customers with more stable, lower-latency trading systems and innovative financial solutions.
Promote the upgrade of smart finance: Relying on Alibaba Cloud’s leading artificial intelligence platform technology, Doo Tech will accelerate the integration of AI technology with core business scenarios such as cross-border payment, risk management, and smart investment advisors, and develop industry-forward-looking smart financial tools to allow customers to enjoy more accurate data insights and automated services.
Strengthening the basic capabilities of the platform: Based on Alibaba Cloud’s globally deployed cloud computing infrastructure, Doo Tech will obtain solid technical support in business scenarios such as high-frequency trading and big data analysis, improve the system’s elastic expansion capabilities, and ensure that customers can still enjoy a smooth and stable service experience during extreme market fluctuations.
Customer value: three major leaps in experience upgrade
Doo Group said that this strategic cooperation will bring in-depth trading experience upgrades to global investors from order execution to intelligent risk control.
For example, Alibaba Cloud’s global network acceleration technology will significantly reduce transaction delays and improve order execution efficiency. The real-time risk control system integrated with intelligent analysis provides customers with accurate market warnings and personalized asset allocation recommendations.
In terms of security system construction, Alibaba Cloud’s international security certification is combined with the regulatory compliance framework of Doo Group’s subsidiaries across multiple countries to build a dual protection network for funds and data, achieving comprehensive protection from transaction execution to asset security.
Strategic Outlook: Driving the New Future of Fintech
With the signing of the memorandum of cooperation, both parties will focus on promoting the large-scale application of intelligent financial technology in Hong Kong and the Asia-Pacific region, and deepen the integration and innovation of technology and finance in cross-border scenarios. By integrating cutting-edge technology capabilities such as cloud computing and artificial intelligence, they are committed to building the next generation of digital infrastructure for financial institutions in Hong Kong and more regions.
This collaboration will significantly strengthen Doo Group’s comprehensive services in the financial sector, build a strong foundation for the group to expand the APAC market, and increase its global competitiveness.
Doo Tech is a unit of the Doo Group, operating out of Hong Kong. The Doo Group operates several online trading brands including an FCA licensed entity in the UK called Doo Clearing Limited, CySEC licensed Doo Financial Cyprus Limited covering the EU, and offshore CFDs broker Doo Prime, domiciled in Mauritius and Vanuatu. Doo Group is controlled by Chinese national Junjie Chen.
