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Telstra Ventures invests in Chinese cloud services provider Qiniu
Announced Date: 1/27/2016 Published Date: 2/9/2016

Telstra Ventures announced it had 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, MD of Telstra Ventures, stated the investment builds on Telstra's position in Asia, with five venture investments in the region in just over a year and the acquisition of regional services provider Pacnet in 2015.

Since late 2014, Telstra has 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 start-ups in South East Asia in areas such as the mobile applications, cloud, security and IoT.