Tencent Invests In Intel-Backed SaaS Provider AwCloud

Tencent Holdings Ltd. has made a strategic investment in AwCloud, a Beijing-based Software as a Service (SaaS) start-up.

Financial details were not disclosed.

The two parties established a strategic partnership in July. AwCloud plans to launch integrated services with Tencent's platforms after the completion of this investment.

Founded in 2010, AwCloud focuses on providing OpenStack enterprise cloud services that help companies manage their private cloud platforms easily.

"AwCloud is striving to combine the OpenStack model with real demand in China to create an operating system of private cloud," says Zhang Zhengyu, CEO of AwCloud.

The company previously received US$10 million series B financing from Intel last year.


This news article comes via , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network

You May Also Like