TikToks The parent company ByteDance is expanding into a non-core area from which the company can benefit significantly in the long term.
What happened: ByteDance’s Volcano Engine division will roll out its cloud computing service in September-October, CnTechPost reported, citing local Chinese media. According to the report, the cloud computing IaaS service will have computing, storage and networking.
ByteDance, which has a completed data center in Zhangjiakou, Hebei Province, also plans to build large data centers in and around major cities like Shanghai and Shenzen, the report added.
According to reports, the Chinese company is trying to sell its cloud service with similar offerings from. to compare Alibaba Group Holding Limited (NYSE: BABA), Tencent Holdings Limited (OTC: TCEHY) and Huawei.
However, ByteDance does not currently intend to launch a public cloud service, but rather …