Tencent teams up with IBM to offer business software over the cloud

[BEIJING] Tencent Holdings said on Friday it would collaborate with International Business Machines Corp (IBM) on a new cloud software business for corporate customers, a marked departure for one of the dominant forces in China's consumer Internet industry.

Best known for its popular WeChat messaging app and its online games rather than business software, Tencent said its cloud unit would now target small and medium enterprises in the healthcare and "smart city" industries.

Many technology firms are jockeying for a slice of China's enterprise software market, which promises to grow sharply in coming years as businesses modernize their IT operations and move data onto the cloud.