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Local Chinese Internet Firms To Receive Help From Government

March 9, 2015

The Chinese government is looking to help local internet firms to break into the international market, the CIO website reveals, with the help of extra tech funds being pumped into the sector. The announcement was made last week by Li Keqiang, the Premier of the State Council for the People's Republic of China.

The statement was made in an address he made to the country's annual parliamentary session and will be known as the "Internet Plus" plan to promote mobile internet, cloud computing and e-commerce across the country. It is all part of the plan to support and grow emerging industries in China.

As the base for some of the world's largest and most influential internet firms, China holds a lot of potential in this sector. Some of the large firms that call China home include Alibaba, Baidu and Tencent. These companies have yet to gain worldwide recognition but they are still considered some of the biggest internet providers in the world. Alibaba has recently opened a data centre in Silicon Valley, meaning it will begin targeting US customers in the cloud computing market in the near future. Tencent has also begun targeting the Southeast Asian market for its messaging app WeChat.

Keqiang noted that "the country has already established a 40 billion yuan ($6.5 billion) emerging industry investment fund, and more capital will be brought in and integrated."

This latest move comes after the Chinese government stepped up tactics to censor yet more internet content. Google and Instagram have been blocked in the country and this has upset not only the public but also local businesses, as the government also blocked virtual private networks (VPNs) which used to grant them access to blocked sites.

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