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Chinese investment in cloud computing 'to reach $1b by 2016'

By Tuo Yannan ( China Daily ) Updated: 2012-05-30 07:05:29

Chinese investment in cloud computing 'to reach $1b by 2016'

China spent $286 million on cloud-computing infrastructure last year, and the amount will increase to more than $1 billion in 2016, the research company IDC said on Tuesday.

China, where cloud computing is one the fastest-growing industries, accounted for around 10 percent of global cloud-computing investment last year, which totaled $28 billion, according to IDC.

Kitty Fok, vice-president of IDC Asia-Pacific, said that China's IT market is expected to have a volume of $163.2 billion this year, accounting for 7.6 percent of the global total.

Chinese investment in cloud computing 'to reach $1b by 2016'

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