Telstra Ventures yesterday (27 January 2016) announced that it has completed a strategic investment in Qiniu, a cloud storage service provider that offers data hosting and processing for enterprises in China and across Asia.
Matthew Koertge, Managing Director of Telstra Ventures, said that the move is underpinned by "the opportunities created by the digital explosion underway across Asia, particularly in the Chinese market."
"China is an important market for Telstra as we grow our international business. As such, we will enhance our offerings both inside China and beyond [by combining our established cloud and network infrastructure with Qiniu's global-distributed architecture and bi-directional acceleration technology for cloud storage]," added Koertge.
Besides China, Telstra Ventures has been steadily growing its presence in other parts of Asia.
"Since late 2014, we have invested in Singaporean-based Near and enepath, Gorilla Technology Group from Taiwan, and made a Limited Partner investment in the Monk's Hill Ventures Innovation Fund for startups in South East Asia in areas like the mobile applications, cloud,security, IoT and other disruptive areas," said Koertge.
The company also acquired Asian telecommunications services provider Pacnet last year.
Koertge expects Telstra to continue its momentum in Asia, given the opportunities in the region driven by disruptive technologies and new business models. "When we started Telstra Ventures, most of our investment targets were based in the United States, but today Asia is increasingly important."
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