Wanda and IBM sign cloud computing deal

Updated 2017-03-20 16:31:11 chinadaily.com.cn
“Wanda

Wanda Group chairman Wang Jianlin and IBM chief executive Ginni Rometty(center) pose for pictures at a partnership agreement signing ceremony in Beijing, March 19, 2017.

IBM and Wanda Internet Technology Group have joined forces to bring more public cloud services to China.

Through a newly formed joint venture, announced on Sunday, Chinese firms will have access to IBM cloud infrastructure and its artificial intelligence platform Watson, as well as technologies such as blockchain and internet of things.

The venture, called Wanda Cloud Company, is slated to go live next year and will be responsible for distributing, building and operating the IBM cloud platform in China using Wanda-owned data centers.

Details remain unclear about the profit-sharing structure or the size of the deal signed by IBM chief executive Ginni Rometty and Wanda Group chairman Wang Jianlin.

It will be the first time that IBM has introduced its business AI platform Watson to China, with more Watson-based interactive services expected to follow, according to the company's statement.

The move follows the cloud service provider's earlier foray into China with its partnership with 21Vianet announced two years ago.

Wanda, known as China's property and entertainment conglomerate, has also been aiming to develop big data, cloud computing and internet finance. The company invested 3 billion yuan in building a cloud-computing center in Chengdu in 2015.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58March 25 2017 13:53:26

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16March 25 2017 13:53:26

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18March 25 2017 13:53:26

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords