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….

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