Benzinga | Feb 3, 2021 02:58PM EST

MongoDB, Tencent Collaborate To Provide SaaS For Tencent Cloud Users

* MongoDB, Inc. (NASDAQ: MDB) partners with Tencent Holdings (OTC: TCEHY) to deploy Tencent's global cloud infrastructure on MongoDB's database.

* Tencent will offer high-tech data processing pipelines secured by advanced encryption controls under the partnership.

* MongoDB will provide its security features, including cutting-edge encryption, to Tencent under the collaboration.

* A gaming company and Chinese e-commerce platform have started using the above services.

* "China is one of the biggest markets for database software, and MongoDB has seen huge adoption there. From gaming to e-commerce to mobile and financial services, the Chinese market has some of the most demanding and sophisticated customers in the world," said MongoDB CEO Dev Ittycheria.