Just a few years ago, billion-level funding would be beyond the imagination of Chinese cloud computing companies. But now it is becoming more and more tangible as the market matures. QingCloud, a leading player in the field, is announcing the largest ever funding in the industry so far. The cloud computing platform made it public […]
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Chinese Cloud Company QingCloud Seals $100 Million Series C
QingCloud, a cloud computing platform offering IaaS-based cloud services, announced that they have secured a 100 million USD Series C financing today, led by two RMB funds with participation from existing investor BlueRun Ventures. The new capital will be used for R&D and the construction of cloud infrastructure, the statement added. Co-founded by Richard Huang, Reno Gan […]
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Cloud Service UCloud Bags Landmark Series C Funding for Data Center Construction
Chinese cloud service provider UCloud announced today that it has landed nearly US$100 million of Series C financing led by Legend Capital with the participation of VMS Legend Investment Fund, DCM, Bertelsmann and GX Capital. This is largest capital injection in China’s IaaS (Infrastructure as a Service) sector so far. The company had previously received Series […]
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ChinaNetCloud Announces $9 million USD A Series As Cloud Market Heats Up
ChinaNetCloud, one of the burgeoning number of cloud services in China, has announced a $9 million dollar A series, led by Juren Capital and followed by Jolly Capital. Founded in 2008, the startup currently claims to be working with over 300 companies across the e-commerce, mobile, P2P lending and IoT sector. According to the Founder […]
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10 Services Set To Dominate China’s Billion-Dollar Cloud Industry
According to IDC, China’s public cloud service will be a one-billion RMB market by 2016. So who is taking a bite of the pie so far? Predictably, the Baidu-Alibaba-Tencent-Xiaomi squad have been quick to enter with heavily funded projects, but it’s still a diverse market as players edge their way in through partnerships and business model innovation. As the […]
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Tencent To Pump $1.57 Billion USD Into International Cloud Computing Effort
Tencent has revealed it will invest 10 billion yuan ($1.57 billion USD ) over the next five years to boost a multi-national cloud computing operation across North America, Hong Kong and China. The online social and gaming giant is looking to boost its presence in the cloud computing field as other internet giants, Alibaba and […]
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Alibaba Injects $1B USD In Aliyun & Inks Partnership With Yongyou
Chinese internet giant Alibaba Group announced that it will invest an additional $1 billion USD into cloud computing arm Aliyun, in an attempt to beef up its global presence, improve R&D capacity and foster partnerships with local data technology companies. The investment is intended to set up a global network for Aliyun with new centers […]
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UCloud Becomes the First Chinese Cloud Service Provider to Establish Data Center in the U.S.
Chinese cloud service provider UCloud announced today that it has begun testing a new data center in Los Angeles, U.S. It’s the company’s second data center outside mainland China, with one in Hong Kong which launched in November last year. Primarily for mobile gaming, UCloud aims to provide game developers with users outside China better services with […]
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Human Resources Is Still A Challenge For China Startups: ChinaNetCloud CEO
This post is part of our series Say Hello To China’s Expat-preneurs, where we will talk to a mix of foreign founders and tech veterans who have tackled China’s growing tech space and won. Stay tuned over the coming three weeks as we talk to foreign founders from Beijing to Shenzhen about what it takes to thrive in China. You can […]
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[TechCrunch Beijing] Chinese Cloud Services Taking on New Role as Incubators
Guo Peng, vice president of UCloud, Dominique Tu, VP at Kii, and Lv Guihua, president at Qiniu, took stage today at TechCrunch Beijing with TechCrunch China co-editor Shuhang Lee to discuss the red-hot cloud service industry. As old friends of ours, the three panelists have joined us last year at TechCrunch Shanghai to talk about the sector. When being asked to […]
