Source: in an agreement signed in May 2019, TikTok committed to buying more than $800M in cloud services from Google over a three-year period
For years, Google Cloud has languished in third place in the cloud computing market, with fewer marquee customers to boast of than rivals Amazon Web Services and Microsoft.
Exclusive: Google Cloud has signed up another big-name customer that wasn't announced at #GoogleCloudNext. ByteDance last year inked an $800 million-plus deal to run TikTok video sharing service on Google Cloud in the U.S. More here in our story (w/@amir) https://www.theinformati…
“In a three-year agreement signed in May 2019, TikTok committed to buying more than $800 million of cloud services from Google over that period, according to a person with direct knowledge of the matter.” https://www.theinformation.com/ ...
Google Cloud seems to be punching above its weight with companies that have heavy streaming needs. Along with TikTok, they have major deals with $SNAP and $SPOT. $GOOG's fiber infrastructure is a likely selling point. https://www.theinformation.com/ ...
One overlooked aspect of the TikTok drama is how much money it pays U.S. tech companies as a customer. For that reason, and an update on the AWS-Google Cloud war, this @kmclaughlinSF and @amir story is an excellent scoop. https://www.theinformation.com/ ...
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