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Business trends

Salesforce and Google invest in Japan startups

US tech companies give market a fresh look as cloud demand grows

Japan's public cloud services market, the fourth biggest in the world as of this year, is projected to more than double from the 2017 level to $13 billion in 2022.   © Reuters

TOKYO -- After years of passing Japan by, U.S. technology giants are seeking opportunities in the nation's fast-growing public cloud services market.

Salesforce said Wednesday that it has formed a $100 million fund through a venture capital investing entity of its Japanese unit to invest in emerging Japanese developers of cloud-based services. The value far exceeds its cumulative Japanese investment since first launching in the country in 2011, the California-based company said. The amount represents about 10% of its global spending of $1.2 billion.

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