Intel invests in three China cloud, big data firms

Financial details of the transactions were not disclosed.

Yeapoo helps Chinese businesses build websites specifically for mobile devices and offers ways for to market their online services and analyze customer data. BlueWhale provides network storage products, while cloud infrastructure provider Wuxi China Cloud operates a network of servers in data centers across the country.

The investments coincide with the rapid growth of Intel's server business in China, which has witnessed double-digit growth over the last five years. The demand for online storage has also ballooned as the nation's companies and municipal governments increasingly gear their services towards the internet and mobile devices.

"Cloud computing, big data, and mobile Internet have brought a series of profound changes," said Ian Yang, president of Intel China, in a statement. "We believe our continuous investment in China, our commitment to industrial partners, and our leading position in the HTML5 and WebRTC fields will accelerate the development of China's technology ecosystem and the growth of Chinese start-ups."

Since 1998, Intel Capital claims to have invested over S$670 million in more than 110 Chinese technology companies. Its investment focus includes cloud computing, the Internet of Things, mobile computing, new devices and wearable, software and services, and semiconductors.

Last month Intel Capital invested an undisclosed sum in Sanjet Technology Corp, a Taiwan-based manufacturer of portable multi-purpose video cameras.

 

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• Topics
• Greater China
• Technology
• Venture
• Early-stage
• China
• Technology
• Intel Capital
• Venture
• TMT