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UCloud , a China-based provider of cloud computing infrastructure raised $50 million in a Series B round of financing. UCloud offers prices that compete against those of Amazon Web Services and says this is the largest-ever funding round for a Chinese provider of cloud-infrastructure-as-a-service. The company says that the funding will go towards building up its RD and its data center infrastructure — with a special focus on completing its facilities in North America and expanding business there.

“UCloud, China’s Answer To AWS, Raises $50M As It Eyes Up An IPO In The U.S.” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

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