Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

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


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports