IBM, Wanda form China cloud computing partnership

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New York

IBM and a unit of China’s Dalian Wanda Group, a property and entertainment conglomerate, agreed on Sunday to team up to provide cloud services to Chinese companies, the U.S. technology provider said.
Through a newly formed venture, Wanda Cloud Company, they will offer select IBM cloud infrastructure and platform as a service (IaaS and PaaS) technologies in China, IBM said.
The venture between IBM and Wanda Internet Technology Group will be “responsible for distributing, building and operating the IBM cloud platform in China”, an IBM spokeswoman said.—Reuters