HAINAN, China -- IBM and Tencent Cloud today announced plans to extend Tencent's public cloud platform to the enterprise. The two companies, under the terms of a memorandum of understanding (MOU), will build and market a new class of public cloud tailored for industries, powered by cloud migration and integration services and a range of Software-as-a-Service (SaaS) offerings -- from customer care and digital marketing to enterprise asset management. Tencent Cloud and IBM will jointly promote industry innovation and gain from one another’s resources and global capacity to benefit enterprise customers.
Tencent is one of China's largest Internet service providers, with nearly 1 billion Chinese service users. Tencent cloud is a strategic module of Tencent with profound acumen in cloud computing based on its powerful infrastructure as well as many years’ experience in the massive Internet services business. Tencent provides developers and enterprises access to a complete cloud solution with cloud service, cloud data and cloud operation.
Cloud is at the core of many industry transformations, with value migrating from broad cloud-based applications to industry-specific solutions. IDC predicts a tenfold increase in the number of cloud apps over the next four years. Two-thirds of these new apps will have an industry-specific or role-specific focus -- with the majority of the growth driven by developers in cloud application ecosystems.
Tencent Cloud and IBM identified small and medium hyper-growth enterprises in smarter healthcare and smarter cities as priority industries for their collaboration, and will together deliver the essential elements for businesses to get up and running on cloud, including:
IBM Corp. (NYSE: IBM)