BRIEF-Beijing Teamsun Tech plans cloud JV with IBM, individual partner

April 23 Wed Apr 23, 2014 5:21am EDT

April 23 (Reuters) - Beijing Teamsun Technology Co Ltd

* Says to set up cloud system JV with registered capital of 50 million yuan ($8.02 million)

* Says IBM plans to increase JV's registered capital to 62 million yuan from 50 million yuan

Source text in Chinese:

Further company coverage: ($1 = 6.2375 Chinese Yuan) (Reporting by Hong Kong and Singapore newsrooms)

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