Germany's SAP sees opportunities for SME business

German software company SAP SE will focus on small and medium-sized clients to grow its cloud business in China this year, after it posted its best-ever financial year in the region in 2016.

SAP's China branch announced on Wednesday that it saw triple-digit growth in its cloud business and a double-digit rise in its software and software-related service last year.

Mark Gibbs, president of SAP Greater China, said small and medium-sized enterprises will offer huge growth potential as they deploy cloud technology amid the economic slowdown.