Seagate and Tencent Establish Strategic Partner Relationship and Commence All-Round Cooperation
September 19 2017 - 4:00AM
Business Wire
Seagate Technology plc (NASDAQ: STX), a world leader in storage
solutions, and Tencent Technology (Shenzhen) Co., Ltd, one of
China’s largest Internet services companies, today signed a
Strategic Partnership Memorandum of Understanding (MOU) for
cooperation in the field of information technology.
Tencent will regard Seagate as a key supplier of storage
solutions, and Seagate will treat Tencent as a Strategic Partner
and set up a special service team for Tencent. Also, within the
duration of the MOU, both companies will carry out an all-round and
in-depth cooperation covering product, technology, and jointly
impel the development of the market.
As one of China’s leading providers of Internet value-added
services, Tencent is devoted to improving the quality of human life
through Internet service. With a long history of innovation and
technology leadership, Tencent has become one of the top three
Internet companies in China. “Tencent has been providing a wide
variety of innovative services since its inception,” said Tom Bie,
general manager of system department at Tencent Technology. “The
extreme volume of data produced by instant messaging, online games,
financial services and cloud services is directly correlated with
these applications. The joint cooperation between Seagate and
Tencent is an inevitable corollary of our business development. We
look forward to a dramatic development of our products, services,
and market, not only within China, but also in the international
arena through this all-round deep collaboration.”
The product and technology cooperation between the two companies
will cover Seagate’s full line of enterprise solutions including
mission critical hard disk drives (HDD), near line HDDs, cloud
drives, archive drives and solid state drives (SSD). In order to
consolidate the technical leadership of both sides, Seagate and
Tencent will set up joint projects during their cooperation,
including jointly testing new drives, researching and developing
new storage technologies and products, high capacity and high
performance HDDs, drive health management and conducting hard drive
application analysis, tailor-made to specific Tencent businesses.
They will also communicate on new products and technologies on a
regular basis to realize targeted product development and
optimization, and expand market share based on new market
trends.
IDC forecasts in its white paper Data Age 2025 that by 2025 the
global datasphere will grow to 163 zettabytes. That total is ten
times the quantity of data generated in 2016. All this data will
unlock unique user experiences and a new world of business
opportunities. This huge amount of total data and the rapid growth
of real time information creates a great demand for data storage
and management, as well as providing a promising new market for
both customer facing and background enterprises.
“With the continuous development of digitalization, data will
exert a huge positive influence on human society. New data is
offering enterprises more effective operational capabilities, and
changing every aspect of people’s lives,” said BS Teh, senior vice
president of global sales and sales operations at Seagate
Technology. “Today, we take great pleasure in setting up a
strategic partner relationship with Tencent. The two parties will
collaborate with each other, constantly developing and optimizing
storage solutions for Tencent specific applications so as to
provide users with a better data application experience. We hope
that the customized service and joint research and development
activities covering various storage solutions can help Tencent
perfect their data services, and at the same time, promote
Seagate’s delivery capabilities from technology to service.”
About Seagate
Seagate creates space for the human experience by innovating how
data is stored, shared and used. Learn more at www.seagate.com.
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© 2017 Seagate Technology LLC. All rights reserved. Seagate,
Seagate Technology, and the Spiral logo are registered trademarks
of Seagate Technology LLC in the United States and/or other
countries. All other trademarks or registered trademarks are the
property of their respective owners. When referring to drive
capacity, one gigabyte, or GB, equals one billion bytes and one
terabyte, or TB, equals one trillion bytes. Your computer’s
operating system may use a different standard of measurement and
report a lower capacity. In addition, some of the listed capacity
is used for formatting and other functions, and thus will not be
available for data storage.
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Seagate Technology plcKelly Zhang, 86 10
58751926Kelly.G.Zhang@Seagate.com
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