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Rumor: Baidu Receives RMB 100 Mln in Government Cloud Subsidies

DoNews, 10/19/11

Chinese internet company Baidu (Nasdaq: BIDU) has reportedly received over RMB 100 mln in cloud computing-related government subsidies, more than any other recipient.

Baidu plans to invest several billion RMB of its own capital to develop intelligent digital services and a public cloud computing platform. Baidu is a key member of the Ministry of Industry and Information Technology's (MIIT) committee to draft cloud computing standards, and developed an online OS and online language translation system for phase I of the Ministry of Science and Technology's 863 cloud computing project.

Baidu's current "open cloud computing" plan involves offering 1 TB of free storage space to any developer that applies.

Editor's Note: For more information on this topic, please see "Chinese Government Offers RMB 1.5 Bln in Cloud Subsidies," MD 10/19/11 issue.

Keywords: Internet storage Baidu MIIT cloud computing BIDU government subsidy

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