Friday, 24 March, 2023

China Cloud services spend exceeds $5 bn for first time, Alibaba remains at top

<p>Alibaba Cloud remained the number one player in the China Cloud services market in Q3 with a 41% market share. The China Cloud infrastructure spend grew 65% in Q3 2020 to exceed $5 bn for the first time, said research firm Canalys. Total expenditure was over $750 mn higher than in the Q2 and nearly $2 bn more than in Q3 2019. Huawei Cloud (16%), Tencent Cloud (16%) and Baidu AI Cloud (7%) were the other top players in the segment.</p>