Chinese tech companies are taking their cloud businesses global, as they chase opportunities abroad offered by the quickly growing international footprint of clients in their home market.
Tencent, Alibaba and Huawei have all announced big investments in cloud computing infrastructure overseas in the first half of 2017.
The three made up the bulk of the 13 outward greenfield FDI projects worth $1.2bn announced by Chinese companies in data processing, hosting and related services between January and June, according to figures from fDi Markets, an FT data service.
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