Wanda Group and IBM Sign Agreement to Bring IBM Cloud to China Through New Entity, Wanda Cloud Company

Wanda Internet Technology Group, part of Wanda Group – one of the largest commercial and enterprise groups in Asia with businesses in commercial real estate, culture, tourism, Internet technology and financial services, among others, has signed an agreement with IBM in Beijing to enter the public cloud business through the formation of a new company built on IBM’s Cloud Platform.

wanda groupThrough the new Wanda Cloud Company, Chinese businesses will have access to select IBM cloud infrastructure and Platform as-a-Service (IaaS and PaaS) technologies. IBM’s Cloud platform is built to drive business innovation by providing advanced technologies like Watson, blockchain and Internet of Things (IoT) that companies can tap into to drive new value. Wanda Group Chairman Wang Jianlin and IBM Chairman, President and Chief Executive Officer Ginni Rometty attended the signing ceremony.

Wanda will deploy “leading-edge” technologies through the IBM Cloud Platform nationwide in China through a network of cloud data centers. By deploying these cloud-based solutions, Chinese enterprises would be able to enhance efficiency, improve productivity and drive innovation. This agreement is designed to meet the growing demand for cloud computing and cognitive capabilities in the Chinese market and supports China’s “Internet+” strategy.

IBM will introduce Watson services to China through this new partnership, starting with Watson Conversation services, which allows developers to add natural language interactions between apps and customers. Additional Watson services are planned in the future as part of the partnership, helping to continue to provide one of the most competitive cloud platforms in China.

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