Alibaba has spun out a “Data-as-a-Service” (DaaS) business called Lingyang Intelligent Service Company.

Lingyang will offer solutions to enterprises that were initially developed for Alibaba.

“The launch of the new firm is an important step taken by Alibaba after long-term consideration,” said Daniel Zhang, Chairman and CEO of Alibaba.

The team behind Lingyang has vast experience supporting Alibaba’s Double 11 Data Big Screen and 88VIP initiatives....