Leading cloud companies are moving fast to capture a share of the cloud computing business in China. International Business Machines Corp.(NYSE:IBM) announced yesterday its launch of IBM Cloud Managed Services (CMS) in the country in partnership with 21Vianet Group Inc (NASDAQ:VNET). According to the press release, local enterprises and multinational corporations in China will be able to utilize IBM's leading cloud solutions for the first time, and "access IBM's IT Infrastructure Library (ITIL)-based capabilities and solutions, managed infrastructure, service-level agreements (SLAs) and management above the hypervisor level."