Tencent has announced partnerships with two Chinese banks and its cloud computing arm, the company’s latest move to boost its enterprise services business in a race with its long-term rival, cloud giant Alibaba.

According to an announcement released Tuesday, Tencent will assist the Bank of Gansu, a major commercial banking chain in the northwestern province of Gansu, with establishing an online loan management platform including improved marketing tools and risk controls. The platform will be deployed based on Tencent’s cloud computing infrastructure and distributed database system.

“Through the partnership, we hope to leverage technological capabilities and business resources from the China’s largest internet ecosystem platform,” (our translation) Liu Qing, chairman of the Bank of Gansu, said in the statement. Tencent will be its first cloud service vendor. The Hong Kong-listed Chinese bank also seeks to build cloud computing platforms for offering diversified financial services to local economy businesses.

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Jill Shen

Jill Shen is Shanghai-based technology reporter. She covers Chinese mobility, autonomous vehicles, and electric cars. Connect with her via e-mail: jill.shen@technode.com or Twitter: @yushan_shen