Wanda Partnership Underscores IBM's China Cloud Push, CEO Says
- Big Blue creating new cloud company with Wanda Internet
- China represents “a good part” of IBM’s revenue, Rometty Says
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Big Blue is pushing to build up its cloud business in China by striking partnerships with local companies, starting with billionaire Wang Jianlin’s Wanda Internet Technology Group, IBM Chief Executive Officer Ginni Rometty said.
In China, “you see two models,” Rometty said. There are very large state-owned enterprises, and a budding entrepreneurial segment. “You really do need to look at those two markets differently and support them both,” she said in an interview with Bloomberg TV. “That’s what this cloud will do.”