Google announced that it will invest US $ 30 billion in improving its infrastructure in three years through the installation of new submarine cables, with which Google seeks to connect the world and provide services to its customers in the cloud.
Shippit, an Australia-based shipping and logistics startup, is likely to raise its Series B funding in the next six months to support its growth in Asia in 2018, co-founder and joint-CEO William On said.
2017 has been a great year: Among numerous achievements, we reached the $100 billion benchmark and we’re sure 2018 will be even more rewarding. This month we’ll be flying to India, China, Austria, Morocco and Rwanda.
According to China’s Ministry of Commerce, overseas direct investment reached 170.1 billion USD in 2016, up 44% from the previous year. ODI from China is expected to slow down in 2017 due to tighter regulation in China.