59,14 ↓ 100 JPY
90,05 ↓ 10 CNY
63,85 ↓ USD
53,72 ↓ 1000 KRW
Vladivostok
Vladivostok
+10° ветер 3 м/c
RU
23 September
Monday

Asia

China invites foreign investors to cloud computing companies

In 2018, it grew 76.5 per cent year on year to US$7.2 billion

Photo: SCMP

/NOVOSTIVL/ China’s Ministry of Industry and Information Technology (MIIT) said it welcomes foreign company participation in its efforts to explore ways to further reform and open the country’s cloud services market, signalling a possible shift in the way Beijing controls access to the world’s fastest growing cloud market. This article appeared in the South China Morning Post.

“Chinese regulators approve of foreign companies conducting cloud-computing business in China via cooperation with local firms,” said Wen Ku, director of the telecom department at MIIT, the main regulator of China’s cloud sector.

US cloud providers such as Amazon Web Services (AWS), Microsoft and Apple have made heavy investments to provide cloud services in China, but are hampered by regulations that require foreign companies to form joint operations and license their technology to a local partner to get into the market.

China has the world’s fastest growing public cloud market. In 2018, it grew 76.5 per cent year on year to US$7.2 billion, according to data from IDC. The sector is dominated by local Chinese players, with Alibaba Group Holding subsidiary Alibaba Cloud the market leader.

Subscribe:

Up