Taipei Times
Date: Jan 05, 2017
By: Lisa Wang / Staff reporter

Hope Bay Technologies Inc (和沛科技), a cloud-computing technology developer in which Hon Hai Group (鴻海集團) has invested, yesterday confirmed that it plans to cut jobs as it streamlines product portfolios to cater to strategic partners’ needs.

The announcement came as a shock to the nation’s start-up circles, given Hope Bay founder Ben Jai’s (翟本喬) strong background in the cloud-computing industry. Jai was a former platform architect at Google and a scientist with Nokia Bell Labs before that.

“As the company’s partners alter their product lineups to adapt to market changes, we have to make adjustments accordingly,” Jai said on Facebook. “We shut down a public cloud platform, which had not yet been launched.”

Hope Bay would continue to develop and sell cloud-computing products that are available on the market and have been adopted by clients, Jai said, adding that it would also continue providing maintenance services to its clients.    [FULL  STORY]