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Alibaba, Huawei, Tencent still maintain lead on China's cloud market in Q2 amid regulatory pressure

Monday 13 September 2021 | 12:16 CET | News
China's cloud infrastructure spend reached USD 6.6 billion in the second quarter, up 54 percent from the year before, according to the latest study from Canalys. The market was led by Tencent Cloud in terms of growth. Spend here jumped 92 percent and accounted for nearly 19 percent of total cloud infrastructure spending in China. The company was third behind Alibaba Cloud (33.8%) and Huawei Cloud (19.3%), and ahead of Baidu AI Cloud (7.8%). The four Chinese cloud companies maintained their dominance of the market, collectively growing 56 percent and accounting for 80 percent of total cloud

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Categories: Internet / IT
Companies: Alibaba / Baidu / Huawei / Tencent
Countries: China
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