MOSCOW : Russian internet firm Yandex plans to launch its cloud business in Germany in 2022, with an initial investment of US$30 million, the company said ahead of its annual Yandex.Scale cloud conference on Friday.
Yandex.Cloud's revenue is seen tripling to around 3 billion roubles in 2021 but, having launched in 2018, it remains one of Yandex's smaller business lines. Group revenue for 2021 is seen at between 330 and 340 billion roubles. "This is a very important step. We realise that we cannot be a significant global player on the cloud platform market by operating only in Russia," said Yandex.Cloud COO Oleg Koverznev.
Yandex.Cloud has about 12,400 company clients. Koverznev said around 40 clients had said they were interested in Yandex offering cloud services in Germany, which was enough for the company to make the initial investment. Yandex said it would not yet build its own data centre in Germany, using commercial platforms instead.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Motor racing: Russia a real chance for Hamilton to secure 100th winLewis Hamilton has every chance of celebrating a record-extending 100th Formula One victory on Sunday, but the seven-times world champion can still take nothing for granted at Russia's Sochi circuit.Hamilton's Mercedes team have won every race at the Olympic Park circuit since the first in 2014, the Brito
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
GM invests in Chinese autonomous driving startup MomentaBEIJING (Reuters) -General Motors Co said on Thursday it will invest $300 million in Chinese autonomous driving startup Momenta to develop self-driving technologies for future models in China, its first such tie-up in the world's biggest car market. Momenta is among the few companies that hold a permit for gathering high-definition maps in China, a key tool in autonomous driving technologies. It is working with automakers to develop mass-production vehicles with self-driving functions to gather real-time data.
Source: YahooSG - 🏆 3. / 71 Read more »
US social audio app Clubhouse launches 'wave' feature for private chatsU.S. social audio app Clubhouse launched a feature on Thursday to let users virtually wave at friends inside its audio-only chat app to show they are open to a private chat, in a move to expand beyond public rooms that can have thousands of listeners.Clubhouse, which pioneered the 'social audio' feature t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US sending Bangladesh extra 2.5 million COVID-19 vaccine doses: White HouseWASHINGTON: The United States is shipping another 2.5 million COVID-19 vaccine doses to hard-hit Bangladesh, a White House official told AFP on Thursday (Sep 23), after the Biden administration announced a ramping up of global donations. The latest shipment - 2,508,480 Pfizer doses - brings
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US to donate 500 million more COVID-19 vaccines to worldWASHINGTON: President Joe Biden will announce on Wednesday (Sep 22) that the US plans to donate an additional 500 million Pfizer-BioNTech COVID-19 vaccines to the rest of the world, bringing its total commitment to 1.1 billion, officials said. Biden will relay the news at a virtual summit to be held o Until Japan・・・ When?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »