China's Baidu to invest $1.6 bln to set up cloud computing centre
BEIJING, Sept 3
BEIJING, Sept 3 (Reuters) - China's largest search engine Baidu Inc will invest more than 10 billion yuan ($1.6 billion) to set up its cloud computing centre, Baidu's chief financial officer Jennifer Li said on Monday.
Baidu, which unveiled its mobile Internet browser at its annual conference in Beijing, is pushing deep into cloud computing as the heart of its mobile strategy in order to capitalise on the booming sector.
Cloud computing is a term used to describe data storage and processing done on the Web.
- White House reverses, says Obama met uncle and lived with him during law school
- Flights delayed as air pollution hits record in Shanghai
- South Africa mourns Mandela, will bury him on December 15 |
- Analysis: Boeing bidders dangle goodies to win 777X jetliner
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image