SAP China Cloud Business Posts More Than 100% Growth Rate
Yicai Global
/SOURCE : Yicai
SAP China Cloud Business Posts More Than 100% Growth Rate

(Yicai Global) Feb. 13 -- Germany's multinational software corporation SAP SE's cloud business in China has achieved more than 100 percent growth rate last year, the company's senior management announced. SAP China region will focus on attracting more small and middle-sized enterprise (SME) customers in 2017, while its strategy of adding important and sizeable corporations to its client base will continue, indicated the company's recently-released financial report on Greater China region.

SAP will speed up expansion of its cloud business this year, which is its strategic turning point, said Mark Gibbs, president of SAP Greater China and the senior vice president of SAP Global. The company will invest more in cloud strategy and attempt to win more small and middle-sized enterprises.

The SMEs are one of SAP's main battlegrounds. China's SMEs have been the fastest link of SAP over the past few years, underlined Gibbs. The company will unveil some new cloud services in the future, which will focus on creation of an SME market in the field.

It expects its cloud business growth rate to reach another three-digit number this year, Li Qiang, general manager of SAP China, told Yicai Global.

The company's China local data center has officially been put into use to provide four solutions for clients based on the cloud, including SAP Ariba, one of the world's largest B2b networks, 'SAP Hybris Cloud for Customer,' 'SAP Business ByDesign' and 'SAP Cloud Platform.'

As SAP seeks major clients in China, one of its strategies is also centered around it, which yielded results last year. Cofco Corp., Huawei Technologies Co., Yangquan Coal Industry Group Co., Dongfang Electric Corp. (DEC), and Chow Sang Sang Holdings International Ltd., have become new clients of SAP China.

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