Oracle, Tencent sign deal on cloud computing in China
17.12.2015 530 views
Oracle and the Chinese internet service provider Tencent have signed a nonbinding agreement for Oracle to use Tencent's online portals to offer Oracle cloud services in the country.
Under the terms of the agreement, Oracle will be able to offer its cloud services in China through Tencent's internet portal. Tencent was founded in 1998 and is currently China's largest ISP and online portal provider. It provides services for the internet, mobile computing and telecommunications.
This agreement includes software-as-a-service, platform-as-a-service and infrastructure-as-a-service products based on, but not identical to, existing Oracle technology. Oracle's goal is to eventually be able to establish a data center in China.
However, Oracle and Tencent will firstly put together a business collaboration committee to determine their next steps. Tencent focuses on the consumer market, rather than the business and enterprise market that is Oracle's specialty. In 2005, Tencent teamed up with Google and incorporated the latter's search engine into its platform.
Tencent also partnered with IBM, signing a business cooperation memorandum in October 2014. Tencent and IBM agreed to work together on software-as-a-service for the public cloud with a focus on small and medium-sized enterprises.
Source: The Paypers