National Bank of Australia (NAB) and Alibaba Cloud, the cloud computing arm of Alibaba Group, are hosting a hackathon together to examine new ways to support Australian small businesses leverage opportunities in Asia

The event, starting today, spans over three days and will see more than 100 people across 15 teams explore how data can be properly leveraged to develop new solutions. The goal is to enable Australian businesses to sell their wares in China and provide better services for Chinese tourists in Australia.

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Held at fintech hub, Stone & Chalk’s new residence in Melbourne, participants will harness NAB and Alibaba Cloud APIs to create new initiatives to support small businesses in Australia.

Jonathan Davey, EGM Digital and Innovation at NAB, stated: “We’re excited to be engaging with our thriving start-up ecosystem to see what new ideas we can come up with, using the data we have, to deliver better experiences for Australian small businesses.

“As Australia’s largest business bank we are always looking at ways we can support Australian businesses and we are looking forward to seeing what new experiences the teams come up with.”

Raymond Ma, General Manager of ANZ & ASEAN Alibaba Cloud said: “This is a great initiative for entrepreneurs, developers and designers to create something of real value to businesses and visitors to Australia. We’re excited to see what the teams can deliver.

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“As Alibaba Cloud expands its footprint and services across the region, we will continue our global mission to make it easy to do business anywhere.”

The team that wins will walk away with prizes including:

  • $10,000 Alibaba Cloud credits
  • Return airfares for four people to Singapore or China
  • Four tickets to the Alibaba Cloud Computing Conference in Singapore or China
  • Three night accommodation for four people in Singapore or China.

Alan Tsen, general manager of Stone & Chalk in Melbourne, concluded: “We’re excited to be hosting this event, with NAB and Alibaba, at our new Melbourne home, the Goods Shed North. Events like this hackathon are a great way to highlight the latent opportunities that exist for companies to tap into the Asian market.

“With more than 100 entrants, there are sure to be some amazing product ideas that come out of the weekend and we’re excited to be bringing corporate and start-up innovation together.”