Biz / Tech

SAP's business grows rapidly in Q2 on new tech like cloud and IOT   

German firm confident of future growth amid with Belt and Road initiative and Made in China 2025

SAP, Europe's biggest enterprise software vendor, said today its China's business expanded rapidly in the second quarter amid “high double digit” growth of cloud business and addition of new customers during China's digital transformation process.

Mark Gibbs, SAP China’s president, predicted the company will continue to grow rapidly in the future in tandem with China’s Belt and Road Initiative and Made in China 2025.

The high growth in its cloud business was due to the quick market adoption of new cloud solutions introduced in China earlier this year. Meanwhile, SAP’s cloud store debuted on Alibaba Cloud, China’s top cloud infrastructure provider.

 The Chinese market has also adopted SAP’s services on the Internet of Things featuring artificial intelligence and machine learning.

In the second quarter, SAP’s new customers included consumer electronics maker Skyworth and Shanghai Jahwa United Co, a household and personal care product provider.

SAP will also build a national-level data center in Guiyang, capital of Guizhou Province, making the firm an active contributor of the “triangle project” covering government, industry and technology, said Gibbs.

Special Reports