Intel invests in Chinese cloud providers, eyes makers of components for wearables

Intel is making the investment as demand for its servers continues to grow in China

The venture capital arm of Intel has invested in three Chinese cloud providers to take advantage of the country's booming market for the services, and is also looking at backing local firms involved in creating wearable devices.

Intel Capital said Tuesday it is investing an undisclosed amount in Shanghai Yeapoo Information Technology, Tianjin Zhongke BlueWhale Information Technology and Wuxi China Cloud Technoogy Service.

The chip maker is making the investment as its server business in China has witnessed double-digit growth over the last five years in the country. Cloud computing services have helped fuel the demand, as the nation's companies and municipal governments move toward building services around the Internet and mobile devices.

"The age of cloud computing has come," said Xu Shengyuan, general manager of Intel Capital China, on Tuesday. "We all know that cloud computing is a major opportunity," he added.

Yeapoo, one of the companies Intel has invested in, is helping Chinese businesses build websites specifically for mobile devices. In addition, Yeapoo offers ways for companies to market their online services, and analyze incoming customer data.

BlueWhale provides network storage products, while Wuxi China Cloud is a major cloud infrastructure provider, operating its servers in data centers across the nation.

Outside of cloud computing, Intel Capital is also focused on investing in China's wearables industry. Any investment, however, would be geared more toward component makers, such as those that specialize in making sensors, Xu said.

"We won't necessarily invest in a product a consumer ends up buying," he added. "We are still a technology company, so we are more interested in the technology."

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags cloud computinginternetbusiness issuesintelinvestmentsComponents

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Michael Kan

IDG News Service
Show Comments

Brand Post

Imou: At home with security

Modern living is all about functionality and security for everybody from the very young to the very old. With Imou anybody can enjoy smart life – the solution is at their fingertips.

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Ada Chan

Dynabook Portégé X30L-G

I highly recommend the Dynabook Portégé® X30L-G notebook for everyday business use, it is a benchmark setting notebook of its generation in the lightweight category.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?