Ping An Technology vies for China’s cloud market leadership, taking on Alibaba and Tencent

Ping An Technology, a subsidiary of China’s second-largest life insurer, is revving up infrastructure expansion to bolster its cloud computing service with the aim to become a market leader in the mainland in three to five years. William Fang Guowei, chief technology officer of Ping An Tech, told the South China Morning Post that the company enjoyed a breakneck growth in cloud-service infrastructure last year, with demand for GPU (graphics processing unit) hardware volume jumping 12 times over 2016.The technology unit of Ping An Insurance (Group) expected GPU volume would increase by 200 per cent on the year in 2018, with that amount to at least double next year on the company’s plan to become the front-runner in the Chinese cloud computing market.