Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Tencent eyes cloud computing with $1.57bn investment

18/09/2015 by Sharon Shahzad

W1siziisijiwmtuvmdkvmtgvmdkvmzuvmzcvntk0l0nsb3vkienvbxb1dgluzzpsyxb0b3auanbnil0swyjwiiwidgh1bwiilci2mdb4ndawxhuwmdnlil1d

It has been reported that Tencent is to follow a similar strategy to Baidu and Alibaba in heavily expanding its cloud computing solutions. In a bid to compete and take a slice of the industry from Amazon and Microsoft, the online social and gaming company will expand its cloud computing initiative across China, Hong Kong and the US in the coming five years, ploughing an estimated $1.57bn (£1.01bn) into the scheme.

In recent times both Baidu and Alibaba have revealed that they are to commence significant growth plans in cloud computing strategies; for example, Alibaba’s cloud computing division, Aliyun, has made strong gains outside China. Aliyun's first US-based data centre was launched in March, while a strategic centre opened in Singapore last month as the company seeks to procure a larger global presence. Kingsoft, one of the oldest software firms in China, meanwhile revealed that it was investing $1bn into extending cloud services outside the country over the coming five years; however, it seems these organisations have another player in their midst, with Tencent now saying it will also invest a large amount of cash in expansion.

The recent flurry of some of China’s largest software companies signals that many are keen to do battle with current market and world leaders Amazon Web Services and Microsoft Azure ‒ two firms that have monopolised the cloud computing sector. Both companies already have a strong presence in China, with Microsoft Asia-Pacific Technology Company Ltd set up specifically to manage local cloud operations in the nation.

It is not only large firms that are making plans to expand, however, with smaller organisations also showing signs of strategising; for example, Qiniu managed to gain an undisclosed funding sum from a collection of prominent investors in August. The cloud service firm was founded by a number of former Kingsoft researchers. Ex-Tencent executives who formed UCloud meanwhile gained $100m funding in April led by Legend Capital.

As part of Tencent’s most recent cloud service growth, the company has focussed on the largely profitable commercial sector; however, it has moved into the consumer cloud space, with the personal cloud storage platform Weiyun (Micro Cloud) being launched last January. This highly modified version of the original has now been integrated into its current social platform.

With cloud computing set to gain in popularity, it is unsurprising to see companies expanding their efforts; however, it remains to be seen if any can successful compete with the current dominant leaders.

About Us

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP Recruitment, BI & Data Recruitment, Information Security Recruitment, Enterprise Architecture & Strategy Recruitment , Energy Technology Recruitment, Demand IT and Business Engagement Recruitment, Digital and E-commerce Recruitment, Leadership Talent, Infrastructure and Service Delivery Recruitment, Project and Programme Delivery Recruitment.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdkvmjkvmdgvmtmvmjkvmjgyl1vudgl0bgvkigrlc2lnbiaomjuplmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Are PSLs a Blocker or an Enabler?

2017-10-02 11:00:00 +0100

The use of a Preferred Supplier List (PSL) was intended to support and strengthen relationships and performance between organisations and their third party suppliers. As the technical landscape continues to evolve at rapid rate recruitment and demand for new skills becomes more intense. Are PSLs still the solution or an obstacle to sourcing the right talent? The traditional PSL A dedicated list of partners intended to guarantee quality and availability ...

W1siziisijiwmtcvmdkvmjevmdgvndmvmduvmtmxl1vudgl0bgvkigrlc2lnbiaomjmplmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Why do we punish the victims of hacking?

2017-09-21 09:00:00 +0100

Hacks occur every 39 seconds, with 95% of them targeting governments, retailers and the tech industry. If the hackers are caught, they'll face prison time under the Computer Misuse Act. More often than not, the businesses who are victims of those attacks expose themselves to punishment of their own. The laws that determine the duty of protection owed to businesses and their customers is both vague and broad, making them question just how much protection...