Xunlei Ltd., the Chinese tech company, aims to roll out a cloud computing facility in Europe and the United States in 2018, planning to vie in home market of Amazon, chief executive of Xunlei claimed to the media in an interview this week. The venture adds to a series of technology brands of China that are extending into developed economies. The third largest international smartphone brand, Huawei, this week claimed that it will augment its presence in the U.S. by trading via telecom carriers of the U.S. in 2018.
Xunlei in August rolled out its OneCloud service, which it claims reduces prices for video, photo storage, and other features by having consumers contribute inactive storage capacity and bandwidth. “Expectantly we will began to execute business in European market and the United States market in the H1 of 2018,” Lei Chen, CEO of the firm, claimed to the media in a telephonic interview. Cloud computing is developing quickly in China but admission for overseas providers is restricted by official limitation on handling of data.
Apple Inc. in July declared that it might open a data hub in China to abide by necessities that data about Chinese people be amassed in the nation. In November, Amazon Inc. traded the hardware in China for its cloud business to a domestic associate but claimed that it keeps ownership of the intellectual property at the rear. Xunlei, located near Hong Kong in the southern city of Shenzhen, aims to start its foreign extension in February or January in other markets nearby to China, claimed Chen. He claimed that the firm was not ready to reveal details.
Xunlei was established in 2003. In addition to this, it also provides other services including games, but Chen claimed that its foreign venture might aim on other services including cloud computing.