This week, the cloud computing arm of Amazon launched its first joint innovation service center in the eastern Chinese city of Qingdao.
The Amazon Web Services (AWS) center in Qingdao aims to provide new technologies such as cloud computing, big data services, as well as capital & services support to global startups.
AWS Global Vice President and AWS China Executive Director Rong Yongkang said that the center would fuel Qingdao’s innovation and development. He also said that the center would work with the city government to set up a cloud computing innovation institute to train professionals.
In the next five years, the center will work with Qingdao government to support 750 innovation firms.
Amazon also announced that the Licang District government in Qingdao has teamed up with Vancoo Commerce Internet Industry (Qingdao), a private local firm, on a 1 billion Yuan (USD 145 million) fund that will support the center’s innovation services.