China’s largest search engine Baidu to invest $1.6 billion to set up cloud computing centre

China’s largest search engine Baidu to invest $1.6 billion to set up cloud computing centreBaidu Inc, China's largest search engine will invest more than 10 billion yuan ($1.6 billion) to set up its cloud computing centre, Baidu's chief financial officer Jennifer Li revealed. Unveiling its mobile Internet browser at its annual conference in Beijing, Baidu is pushing deep into cloud computing as the heart of its mobile strategy in order to capitalise on the booming sector.

Cloud computing is a term used to describe data storage and processing done on the Web. According to government reports that came out in July, the number of users accessing Internet from mobile phones in China has risen to
388 million much more than the users who access it from heir desktop computers.

Li Mingyuan, Baidu's general manager of mobile and cloud computing, told reporters on Friday at a pre-launch briefing that, The Baidu Mobile Browser, which will compete with UCWeb Inc's UC Browser, Google Inc's Chrome and default Android browser, and Apple Inc's Safari, is about 20 percent faster than its rivals based on internal tests.

Baidu's mobile browser also allows users to access a plethora of web-based mobile applications (apps) and run high-definition video through the browser without having to download apps or supporting software. The browser, together with Baidu's other mobile products such as its mobile operating system and cheap smartphones launched with partners, forms the core of what Baidu hopes will eventually become a source of revenue.