China on Course to Rival United States for Internet SpeedPosted: February 27, 2017
SCMP says in its report “China on course to rival United States for internet speed” today that a Chinese content delivery network (CDN) company Wangsu Science & Technology Co buys 97.82 per cent of its Korean rival CDNetworks from Japan’s KDDI Corporation for US$185.72 million “to rival the United States in internet speed”.
A CDN is a collection of global servers that host websites and optimise internet speeds by allowing users to get data from the closest server rather than at the origin.
The move will give Wangsu a global presence and narrow its gap with the world’s largest CDN company, Akamai Technologies of the US, which generated a revenue of US$2.3 billion last year.
China has the financial resources to be world number one. US President Donald Trump is aware that to compete with China, he has to achieve economic growth in the US, but he meets lots of obstacles as under US media’s influence, lots of Americans are not aware of US lack of capabilities to remain world number one if Trump fails to stop US decline.
Comment by Chan Kai Yee on SCMP’s report, full text of which can be found at http://www.scmp.com/news/china/policies-politics/article/2074046/china-course-rival-united-states-internet-speed.