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Chinese software firm thriving in cloud computing

ChinaSoft, in which Microsoft has a 5% stake, taps growing demand for cloud services as Beijing pushes hard on information security

Beijing

ALTHOUGH Microsoft Corp is among US technology firms caught up in Chinese security worries and antitrust probes, a local software company in which the Seattle giant is a strategic investor is riding high on the growth of cloud computing.

The chief executive of ChinaSoft International, 5 per cent owned by Microsoft, says that's more down to native firms latching on to global trends like the cloud, than Beijing policies cutting into orders from state enterprises for foreign players' goods.

A leading Microsoft distributor in China, selling IT systems and outsourcing services, ChinaSoft saw first-half profit jump 43 per cent to 115 million yuan (S$24 million). Founded as a US$81,000 start-up...

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