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China's Baidu to invest $1.6 bn in cloud computing
by Staff Writers
Beijing (AFP) Sept 3, 2012


China's leading search engine Baidu will invest more than 10 billion yuan ($1.6 billion) in cloud computing over the coming years, its chief financial officer said on Monday.

The investment will go toward building data centres and hiring staff for its online data-storage service, Baidu said in a statement, quoting Li Xinzhe, but without giving details.

Baidu also announced a new web browser for mobile phones, which this year became the most popular way people access the Internet in China.

The new browser will offer faster download times and tailor-made applications, Dow Jones Newswires reported.

Baidu has about 80 percent of the market in China, having benefited from the fallout between Chinese authorities and US search engine Google over its refusal to censor its search results.

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TECH SPACE
Brazil bids to become world's third IT market by 2022
Sao Paulo (AFP) Aug 28, 2012
Brazil hopes to capitalize on the 2014 World Cup and the 2016 Summer Olympics to advance its goal of becoming the world's third largest information technology and communications (ITC) market, a top industry official says. "We are today the fifth largest ITC market in the world, (worth) $210 billion dollars," Antonio Gil, president of the Brazilian Association of Information Technology and Co ... read more


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