Foreign Investment

Microsoft eyes huge potential in China's rising cloud market

Grazed from ChinaDaily. Author: Fan Feifei.

Microsoft Corp will increase investment in China's cloud computing market and the scale of its cloud platform Microsoft Azure will grow at least tenfold in China in the next few years, a top executive in charge of the company's cloud service said on Wednesday. "China regards technological innovation as an important driving source for development, which let us see China's huge market potential for the cloud business," said Scott Guthrie, executive vice-president of Microsoft cloud and enterprise group on Wednesday.

The company launched more than 10 new services and functions including image recognition and internet of things (IoT) capabilities on Microsoft Azure by teaming up with Beijing-based data infrastructure provider 21Vianet Group Inc. "We will work together with local partners to develop customized cloud services and user-experiences in China," said Samuel Shen, chairman of Microsoft Asia-Pacific Technology Company Ltd...

Read more from the source @ http://www.chinadaily.com.cn/business/2016-09/22/content_26859456.htm

Telstra invests in Chinese cloud computing firm

Grazed from AFR. Author: Editorial Staff.

Telstra's ventures subsidiary has made a strategic investment in Chinese cloud services provider, Qiniu, for an undisclosed sum. The telecom giant said Qiniu offers data hosting and processing for companies in China and across Asia. Telstra Ventures managing director Matthew Koertge said the deal builds on the company's momentum in Asia.

Telstra has made five venture investments in the region in just over a year, and acquired Asian telecommunications services provider Pacnet in 2015. "The opportunities created by the digital explosion underway across Asia, particularly in the Chinese market, underpin this latest investment," Mr Koertge said....

Read more from the source @ http://www.afr.com/technology/telstra-invests-in-chinese-cloud-computing-firm-qiniu-20160127-gmf6x2#ixzz3ySsob5Sx