Investment In Chinese Cloud Continues To Grow

Investment In Chinese Cloud Continues To Grow

Investment In Chinese Cloud Continues To Grow

chinese-cloud

With the Chinese government focused on enhancing the country’s capabilities in cloud computing, United States-based organizations including Intel have opted to invest in several promising cloud providers.

Intel’s venture capital arm this week announced plans to invest funds in Wuxi China Cloud Technology Service, a cloud infrastructure provider; Tianjin Zhongke BlueWhale Information Technology, a network storage provider; and Shanghai Yeapoo Information Technology, which provides such business tools as mobile-adapted website construction, online marketing tools, and customer data analysis solutions. The decision to devote resources to these organizations comes in the wake of increased demand for cloud services in China, where the chip maker’s server business continues to grow at double digit rates. Moreover, Chinese officials have stated their intent to move as much corporate and government data and functions as possible to the cloud in coming years. To optimize this progress, Intel also anticipates dedicating investment capital in Chinese companies that manufacture components for wearable devices.

BusinessWire recently reported that Chinese officials hope the cloud will allow them to garner significant advantages in the delivery of such services as education and health care. The government set aside $1 billion for cloud development, anticipating that the accessibility and scalability of cloud-based solutions will enable its employees to deliver improved services to a larger number of people. In addition, China designated Wuxi, Shenzhen, Shanghai, and Beijing as cloud computing cities, offering funding and infrastructure that will allow municipal governments to migrate many of their city services to the cloud.

The Chinese technology market offers investors numerous opportunities to realize strong financial returns. The nation’s large population, huge markets, and vast manufacturing operations benefit from utilization of cloud capabilities. Moreover, the cloud affords Chinese business and government agencies flexibility while limiting redundancy of effort and storage capacity. According to Gartner, the cloud industry in China will reach $163 billion over the next year.

By Glenn Blake

(Image Source: claudio zaccherini / Shutterstock.com)

Follow Us

Glenn Blake

Glenn Blake is a writer for CloudTweaks and has been writing about technology trends for over 25 years.
Follow Us

Sorry, comments are closed for this post.

Comics

At CloudTweaks, we're plugged into the cloud, the internet of things and all that the web has to offer. From wearable technology, to mobile computing, cloud computing and big data, CloudTweaks is your source for updates and news on the most innovative technology.

Popular

Top Viral Impact

Cloud Infographic: The Education Of Tomorrow

Cloud Infographic: The Education Of Tomorrow

Cloud Infographic: The Education Of Tomorrow  Online Education is a very exciting topic for many as it opens up many new doors and opportunities. We’ve touched on areas such as Massive Open Online Sources (MOOC) which provides tremendous levels of cloud based interconnectivity. We’ve taken a look into higher education,  the increased demand for online courses as well as…

Cloud Infographic – The Future Of Big Data

Cloud Infographic – The Future Of Big Data

Cloud Infographic – The Future Of Big Data Big Data is BIG business and will continue to be one of the more predominant areas of focus in the coming years from small startups to large scale corporations. We’ve already covered on CloudTweaks how Big Data can be utilized in a number of interesting ways from preventing world hunger to…

Cloud Computing Offers Key Benefits For Small, Medium Businesses

Cloud Computing Offers Key Benefits For Small, Medium Businesses

A growing number of small and medium businesses in the United States rely on as a means of deploying mission-critical software products. Prior to the advent of cloud-based products — software solutions delivered over the Internet – companies were often forced to invest in servers and other products to run software and store data. The…

BYOD Will Continue To Define Workplaces In 2014

BYOD Will Continue To Define Workplaces In 2014

BYOD Will Continue To Define Workplaces In 2014 The bring-your-own-device trend has been the subject of scrutiny ever since its initial formation. Given how quickly personal smartphones and tablets became a fixture in everyday life, it makes perfect sense that these mobile machines would slip into workplaces. While BYOD has caused headaches for many businesses,…

Featured Sponsors

Moving From Email Into The Cloud

Moving From Email Into The Cloud

Mobile Collaboration In The Cloud Imagine that you, as a manager, are told by the powers that be that you have to find “efficiencies” within your department that will result in one million dollars of savings annually. You struggle with this. You send an email to everyone on your senior team. “Where can we save…

Sponsors

Going Global With The Cloud: Anywhere, Anytime Access

Going Global With The Cloud: Anywhere, Anytime Access

Let’s cut right to the chase… Lots of companies have offered 24/7 availability of systems and data to their customers and employees for years. What else is new? What’s new is that a cloud computing environment can make 24/7 availability possible for small and medium size enterprises (SMEs). (Infographic Source:Towergate) Previously, only organizations with robust IT…

Placement Opportunities - Find Out!

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

You can help continue to support our community by social sharing, sponsoring, partnering or contributing to this great educational resource.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021

Join Our Newsletter