Exclusive: Tencent’s entry lights up cloud computing segment

Tencent Cloud is one of the top five global cloud services providers and its direct presence into the Malaysian market with well known local technology group Green Packet is bound to attract more attention to the sector.

Green Packet Bhd’s signing this week with global Internet giant Tencent Cloud to be the latter’s partner for cloud computing in Malaysia is likely to have fired up the race of a business that has made billions in revenue for global players like Amazon, Microsoft and Google.

After all, Tencent Cloud is one of the top five global cloud services providers and its direct presence into the Malaysian market with well known local technology group Green Packet is bound to attract more attention to the sector. Indications are also that Tencent Cloud is keen to grow its cloud business outside of China in a big way. It has a cloud market share of 6% in Asia Pacific, while Alibaba Cloud has a market share of 16%. Both firms trail behind global giants Amazon Web Services, Microsoft, Google although the market in Asia remains largely untapped.