Originally posted on Gigaom:
There is little doubt where the gravity of innovation is. A glut of product announcements from portal and search giant Baidu, which is hosting its annual Baidu World event, shows China has seized upon western ideas and is taking them forward…
Cloud: big spending, more space
Baidu on Monday said it will spend 10 billion yuan ($1.6 billion) to set up its cloud computing centre, Reuters reports CFO Jennifer Li as saying. The firm launched its Baidu WangPan (“web disk”) in March, with 15Gb free – more than DropBox’s 2Gb. This is a significant commitment to making cloud-based file storage available in a country that has fast seen an explosion in smartphone connections now overtake the number of desktop internet users.