$7 billion Cloudflare will expand into 150 new data centers in China, making a big bet on the country's internet economy amid a global downturn
to the Federal Communications Commission's regulation of the air waves in the US, saying "countries have a right to regulate the internet inside their own borders."
"We've felt really fortunate that we are able to invest in our business, double the size of our internship program, take on more partnerships and investments like this. A lot of people right now feel powerless. We're lucky that we don't," Prince said. That deal was not without risk. In initial-public-offering paperwork filed in August, Cloudflare noted that the trade war President Donald Trump has waged with China threatened that collaboration. "The risk of such an early termination event may have increased during the current environment of economic trade negotiations and tensions between the Chinese and US governments," Cloudflare said in the filing.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus: EU rewrote coronavirus report after pressure by China - Business InsiderReferences to a Chinese campaign of 'global disinformation' about the coronavirus were removed before publication.
Read more »
China reports three new mainland coronavirus cases on April 26, two importedChina reported three new confirmed coronavirus cases on April 26, down from 11 a day earlier, with no new deaths, the country's health authority said on Monday.
Read more »
China industrial firms' March profits fall 34.9% year-on-yearProfits earned by China's industrial firms in March fell 34.9% from a year earlier to 370.66 billion yuan ($52.43 billion), the statistics bureau said on Monday.
Read more »
Starbucks says in partnership with Sequoia Capital China for investmentsStarbucks on Monday said it has entered a strategic partnership with investment firm Sequoia Capital China that will see the two companies make strategic co-investments in China's technology sector.
Read more »
China Seeks to Ease Medical Goods Shipment Delays With New RuleChina offered a new route for producers of medical goods to obtain export approval, a move that could help ease recent shipment delays of critical medical equipment to fight the coronavirus pandemic to the U.S. and other countries.
Read more »
Starbucks strikes partnership with venture capital firm Sequoia to make tech investments in ChinaStarbucks said that along with co-investments with Sequoia Capital China, it will look to form 'commercial partnerships with next-generation food and retail technology companies.'
Read more »