Walmart partners with Microsoft: 3 things to know

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Walmart and Microsoft agreed to a five-year partnership under which Walmart will move significant portions of its online shopping websites to Microsoft's cloud solution.

Here are three things to know about the collaboration:

1. The five-year agreement links up Amazon's largest retail rival with its biggest cloud-computing competitor, according to CNBC. The move also signals Walmart's increased focus on its online experience, just as Microsoft has reportedly been working on cashier-free checkout technology.

2. Walmart aims to speed up and simplify online shoppers' experience by migrating a sizeable portion of and to Azure, Microsoft's cloud-computing platform.

3. Walmart CEO Doug McMillon said in a statement, "Whether it's combined with our agile cloud platform or leveraging machine learning and artificial intelligence to work smarter, we believe Microsoft will be a strong partner in driving our ability to innovate even further and faster."

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