China Telecom is building a national cloud to serve state-owned companies. Meanwhile, a new deal in Australia will make Telstra the largest supplier of network capacity to Microsoft.
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Huarong Sells Brokerage Stake to China Reform Holdings - State-owned investment firm pays $1.72 billion for 72% of Huarong Securities as the troubled bad asset manager offloads assets
Cloud subsidiary Tianyi gains four state-backed investors, boosting capital base and making it the preferred secure cloud partner for military and government.