Central China Welcomes Government-Backed Cloud Computing Venture

News Source: ChinaTechNews.com

Chinese Internet video group Letv signed an agreement with the municipal government of Chongqing and China Bridge Capital to build an industrial base in Chongqing.

The cooperation will include cloud computing, big data, smart device manufacturing, and finance. Letv said the detailed investment amount will be disclosed soon.

Letv's scope of business covers seven sectors: Internet technology, content, big screen, mobile phone, sports, automobile, and future Internet finance. The cooperation will include three of the seven sectors.

For Internet technology, Letv will establish an independent cloud company in Chongqing's Liangjiang New Area. The new company will focus on research and development, manufacturing, distribution, operation, and management work related to cloud computing and big data. The municipal government of Chongqing will pr...

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