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IBM Partnership with Chinese Firm Signals New Business Model for Trade in China

IBM has entered into a business partnership with a Chinese financial-data firm, which could be a model for trade in that nation. IBM is performing cloud-based risk analysis for Shanghai Wind Information, which provides data and other services to the Chinese financial industry, including banks and investment firms. By using this technology in the cloud, Shanghai Wind neither has to disclose specific portfolio holdings to IBM nor does it have to install IBM software or hardware on its servers. This model adheres to Chinese data-privacy laws, which mandates that data be protected, confidential, and remain within China. Chinese government officials have been urging state-owned firms to use domestic technology vendors, citing security concerns.(Reuters)(IT Pro Portal)(IBM)

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