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Seagate and Tencent Establish Strategic Partner Relationship and Commence All-Round Cooperation
[September 19, 2017]

Seagate and Tencent Establish Strategic Partner Relationship and Commence All-Round Cooperation


Seagate Technology (News - Alert) 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, ad expand market share based on new market trends.



IDC (News - Alert) 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. Follow Seagate on Twitter, Facebook, LinkedIn, Spiceworks, YouTube and subscribe to our blog.

© 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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