Tencent To Offer 10TB Of Free Space As Cloud Storage War Heats Up

Google has shamed the likes of Dropbox by offering many gigabytes of storage to every user for $0.00, but as cloud storage becomes cheaper, more accessible, and more demanded, new entrants are pushing the envelope. Tencent, a huge company in China, is looking to make a major splash in North America. How? By giving out more free cloud storage space than any other company in the world. A new report suggests that Tencent is planning to offer up 10TB of free cloud storage -- yes, you read that correctly.

The new offering is slated to land next year, and it'll no doubt put the squeeze on companies such as Box.net, Dropbox, and Google. Cloud storage as a business model is changing rapidly. It's quickly becoming the norm to hand out space for free, and then attempt to make money from connected services elsewhere once you have a customer in an ecosystem. For example, Tencent is also planning to launch a new photo sharing app in the U.S. market, which will no doubt offer seamless uploads to Tencent's cloud storage service. Once you begin building out a connected ecosystem, it's easy to keep people hooked.

Something tells us such a move is going to put Tencent on the American radar, and fast.