Intel bets on cloud companies in China

Intel Capital, the mergers and acquisitions arm of US-based chip manufacturer Intel Corp, announced investments on Tuesday in three Chinese companies in a move to further extend its chain of cloud services in China.

Intel Capital invested in Wuxi China Cloud Technology Service Co Ltd, a vendor of cloud computing infrastructure; Tianjin Zhongke BlueWhale Information Technology Co, a data storage operator; and Shanghai Yeapoo Information Technology Co Ltd, an IT solutions provider.

The company said the investments are part of Intel's effort to acquire local technology and commercial innovations in cloud computing and big data in China. It declined to reveal investment figures.

“We're proud to support BlueWhale, China Cloud and Yeapoo as they shape the cloud computing and big data ecosystems in China,” said Arvind Sodhani, executive vice-president of Intel and president of Intel Capital. “Each company has demonstrated early success and we're looking forward to helping them grow.”

Intel Capital has invested more than $670 billion in more than 110 Chinese technology companies since 1998. More than 30 of the invested companies have garnered a public listing. Intel Capital said it would key in on cloud computing, big data, mobile computing and wearable devices this year.