BEIJING — Chinese tech company Xunlei Ltd. plans to launch a cloud computing service in the United States and Europe next year, aiming to compete in Amazon’s home market, Xunlei’s chief executive said Wednesday. Cloud computing is growing fast in China but access for foreign providers is limited by official restrictions on data handling. Xunlei, founded in 2003, also offers games and other services, but Chen said its foreign venture would focus on cloud computing. He said Xunlei is developing technology aimed at increasing security by analyzing users’ data without gathering it in a central location. Xunlei says it is transforming itself into a supplier of cloud computing and products based on blockchain, an encryption technology used in cyber currencies and supply chain management.

Source: Washington Post December 20, 2017 09:34 UTC