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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
Box

Box Expands Global Push With New Services In Canada and Australia

By
Heather Clancy
Heather Clancy
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By
Heather Clancy
Heather Clancy
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August 10, 2016, 11:42 AM ET
Fortune Brainstorm TECH 2014
Fortune Brainstorm TECH July 15th, 2014 Aspen, CO 4:10 PM THE FUTURE OF ENTERPRISE Aaron Levie, CEO, Box
Interviewer:  Dan Primack, Fortune Photograph by Stuart Isett/Fortune Brainstorm TECHPhotograph by Stuart Isett — Fortune Brainstorm TECH

Box’s international expansion continues.

The cloud file-sharing company on Wednesday said it will extend Box Zones—a service that allows businesses to specify the geography in which its documents and other data are stored—into Canada and Australia by the end of the year. Box is using Amazon Web Services to deliver this option. (It uses IBM’s cloud in other regions.)

Box Zones was launched in April in Europe and Asia, aimed at companies concerned with storing their data, as well as that of their customers, in data centers located in the United States. That concern intensified last year after the overthrow of Safe Harbor, a decades-old agreement that covered data transferred across the Atlantic between the U.S. and Europe. A new policy, called Privacy Shield, went into effect on Aug. 1.

Alongside the regional expansion, Box (BOX) said it is updating the technology it uses to route and handle traffic on its cloud services. The revisions to Box Accelerator should boost data transfer speeds globally and improve upload times by a factor of two to six times, the company said.

In a blog about the new services, Box CEO Aaron Levie said more than half of the “activity” on Box’s cloud service now comes from outside the United States. The company has more than 62,000 customers, including multinationals such as AstraZeneca, General Electric, Procter & Gamble, and Schneider Electric.

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With the addition of Canada and Australia, Box now offers local data storage in seven countries. The other five are the United States, Germany, Ireland, Japan, and Singapore.

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By Heather Clancy
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