Telstra’s ventures arm, Telstra Ventures, has made a strategic investment in Chinese cloud storage service provider, Qiniu, for an undisclosed amount.
According to Telstra, Qiniu offers data hosting and processing for enterprises in China and across Asia.
Matthew Koertge, managing director of Telstra Ventures, said the deal builds on Telstra’s momentum in Asia.
Telstra has made five venture investments in the region in just over a year and the acquisition of Pacnet in 2015.
“The opportunities created by the digital explosion underway across Asia, particularly in the Chinese market, underpin this latest investment,” Koertge said.
“With its unique, global-distributed architecture and bi-directional acceleration technology, Qiniu enables enterprise customers to collect, store and analyze huge amounts of data.”
Koertge said China is an important market for Telstra and he expects the investment in Qiniu will enhance the Australian telco’s offering both inside China and beyond.
Qiniu Xu Shiwei said the company is hoping to use the Telstra investment as leverage to collaborate on developing more streamlined loud computing technologies and services for Telstra customers in the region.
“Combining Telstra’s established cloud and network infrastructure and our innovative technology in cloud-storage should drive a lot of new business opportunities for both companies,” Xu said.
The deal is Telstra’s latest move to boost its cloud offerings. The company announced last month to acquire Australian company Kloud to bolster its cloud and managed network application services.