China's giant Baidu to invest $1.6bln to set up cloud computing center![]() September 3, 2012 - 10:43 AMT PanARMENIAN.Net - China's largest search engine Baidu Inc will invest more than 10 billion yuan ($1.6 billion) to set up its cloud computing center, Baidu's chief financial officer Jennifer Li said on Monday, Sept 3, according to Reuters. Baidu, which unveiled its mobile Internet browser at its annual conference in Beijing, is pushing deep into cloud computing as the heart of its mobile strategy in order to capitalize on the booming sector. Partner news The deal comes as Makani carries out the first fully autonomous flights of robot kites bearing its power-generating propellers. The validity period of BIT service is 30 days; the service cost is AMD 2500, with the maximum Internet speed of 384 kbps. The next generation iPad will keep its 2048 x 1536 Retina display by using a thinner 0.2mm piece of glass. Apple uses two conventional offshore tax practices typical of multinational companies' tax-avoidance strategies, the report said. Partner news |