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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Chinese Cloud Service Provider UCloud Announces US$50M in Series B to Expand to North America
Chinese Cloud service provider UCloud announces US$50 million in Series B funding led by Bertelsmann Asia Investments and Legend Capital, joined by existing investor DCM who participated in the previous round of US$10 million together with Bertelsmann. UCloud, founded in 2012 by former Tencent execs, is specialized in game hosting and related Cloud services. This round of funding […]
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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 […]
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UCloud, the First Chinese Cloud Startup to Offer Game Hosting Overseas
UCloud is the first to offer game server hosting service to Chinese online/mobile games with presences outside China. The Chinese cloud startup has opened a data center in Hong Kong, for games with users in East & Southeast Asia, in late 2013 and is considering building another one in the U.S. As a flock of Chinese mobile […]
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IaaS Startup Ucloud Secured $10 Million Series A Financing from DCM and Bertelsman
IaaS startup Ucloud announced $10 million of Series A financing led by DCM and Bertelsmann, the largest capital injection in this sector so far. The fund is now in place. The investment will be poured in R&D, marketing and procurement of hardware, such as servers, according to Ji Xinhua, CEO of the company (report in […]
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Software House Kingsoft Seeks Turnaround with US$1bn Cloud Investment
Kingsoft, founded in 1988 as one of the first software development companies in China, announced yesterday that it would invest more than US$1 billion in its cloud business in the next three to five years. The company has jointly invested in 21Vianet, a Chinese network-neutral data center service provider, together with Xiaomi, whose CEO Lei Jun […]
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BAI Launches Angel Investment Arm BetaFund to Foster Early-stage Startups
BAI CEO-Annabelle Long Bertelsmann Asia Investments (BAI), the investment arm of Bertelsmann AG in Asia, has announced the launch of BetaFund, an angel investment fund providing financing and professional support to early-stage startups. In next few years, BetaFund expects to invest tens of millions dollars in mobile, social networking and gaming industries, according to the […]
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Chinese Cloud Service Provider Qiniu Raises Eight-digit Dollars Series C Financing
Chinese cloud service provider Qiniu Information Technology announced eight-digit dollars of Series C financing led by CBC and followed by existing investors of Matrix Partners China and Qiming Venture Partners, who participated in Series A and Series B round, respectively. The company disclosed that the financing will be used in infrastructure and cloud industrial chain construction, R&D, […]
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Meet ChinaBang Awards 2015 Winners, as voted by Chinese Users
ChinaBang Awards, the brainchild of TechNode which honors the best in China’s startups, is now in its fourth year. After two months of nominations, online voting and result reviews, the winners were finally announced at our annual ChinaBang event. Congratulations to all award winners who stood out from over 1,000 nominations this year. Hardware ANTVR […]
