Latest Chinese Technology Acquisition and Why It Matters!
By on April 20th, 2010

Far away from all the hubbub of China vs. Google, a Chinese company has made a silent albeit important acquisition. The company being acquired is Echolane, one of the top solution providers and consultants for many cloud-based technologies including Salesforce.com. Echolane has been bought by a Chinese technology company called hiSoft which is one of the leading IT outsourcing companies in the world. Founded by Salesforce.com alumni, Echolane will remain a wholly owned subsidiary of hiSoft.

With this latest acquisition in the cloud-based technology, it is clear that Chinese companies know where the future lies and are trying to get ahead of the game. They might not beat Google or Microsoft when it comes to offering cloud-computing, but with globally dominant outsourcing, they’ll probably be involved in the process somewhere in between. With this ever increasing reliance on Chinese companies for outsourcing, would the US ever be able to confront China on any technology issue? Let’s just say Google had deep enough pockets to accept the consequences of walking out of China, but would small and mid-size companies be able to afford to do so? I don’t think so.

With every such move, it’ll just get harder for US to sever technology ties with China. On the other hand, China has proved again and again that when it comes to technology, the world needs them more than they need the world. With Baidu and AliPay, China doesn’t need Google or PayPal, but these global internet giants still dream of establishing themselves in the huge Chinese market and capture billions of dollars of potential revenue.

Tags: ,
Author: Tehseen Baweja
Tehseen likes to write about Internet tools that make life easier. Check out his blog at Ijaar.com for more good stuff or follow him on Twitter @tehseenbaweja

Tehseen Baweja has written and can be contacted at tehseen@techie-buzz.com.

Leave a Reply

Name (required)

Website (optional)

 
 
Copyright 2006-2012 Techie Buzz. All Rights Reserved. Our content may not be reproduced on other websites. Content Delivery by MaxCDN