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Cloud computing firms hunt for startups to make it rain
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Published Tue, Aug 3, 2021 · 09:50 PM
TECH giants are turning to startups as cloud computing competition intensifies, with Huawei becoming the latest to jostle for a piece of the regional pie.
It plans to invest US$100 million in startup initiatives in the Asia-Pacific as it expands its cloud business, a space where the Chinese giant is coming up against Alibaba, Tencent, Google, Microsoft and Amazon.
The investment will take place over the next three years through the company's Spark Program, a startup accelerator with operations in Singapore, Hong Kong, Malaysia and Thailand.
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