New York-listed Hywin Holdings said the cloud computing move is designed to support the development of its wealth and health management business lines.

Hywin Holdings, the China-based wealth management group, has signed a strategic partnership agreement with Tencent Cloud, a cloud computing provider in China.

Under the terms of the pact, Hywin will use Tencent Cloud’s information technology, including cloud computing, AI and big-data analytics. This work will enable Hywin to push ahead with developing its wealth and health management business lines. 

Hywin has been busy. Last month – in conjunction with this news service – it issued a research report examining the intersection of wealth and health management. (To view the report and obtain a copy, click here.)

The alliance between the firms will be extended to the Digital Imaging Cloud Platform, which is a pillar of Hywin Health’s “Four Megacloud Solutions” strategy. This platform, which focuses on cloud applications and managing digital health images, uses AI analysis capabilities to render AI health imaging solutions in Hywin Health’s suite of health management services.

“Digital transformation is our long-term strategy, which is in line with Hywin’s ‘long-termism’ development philosophy,” Zhu Hua, chief technology officer of Hywin, said.