Alibaba, China Mobile Push for More of World Cloud Computing Market
June 5, 2014
Grazed from TheStreet. Author: Eric Johnson.
Government agencies that supervise China’s digital economy want Chinese companies to control more of the domestic and world cloud computing markets. Beijing policymakers are encouraging state-run companies such as China Mobile (CHL_) and Hong Kong-listed ZTE to expand their existing cloud services. And they’re accepting applications for government funding from any domestic company with a major cloud project that meets certain criteria.
The government hasn’t said how much it plans to spend on the project, which was rolled out late last month jointly by the National Development and Reform Commission, Ministry of Industry and Information Technology and Ministry of Finance. NDRC said the government now ranks cloud computing as a nationally strategic industry. Companies in other strategic sectors, such as military hardware manufacturers, are eligible for market protection…
The agency also said Beijing would support companies that provide "public service platforms in the cloud, cloud-based platforms for data services, and cloud computing solutions for big data."…
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