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Canalys: CN Cloud Service Spending Up 11% YoY in 3Q; Alibaba Cloud Leads Pack with 36% Mkt Shrs
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China's cloud infrastructure spending whopped US$10.2 billion in 3Q, up 11% YoY and returning to double-digit growth, according to a report by market research firm Canalys. During the quarter, the top three cloud service providers had their positions remained unchanged, with Alibaba Cloud, Huawei Cloud and Tencent Cloud continuing to lead the pack, with market shares of 36%, 19% and 15% respectively, or 70% of the market. Meanwhile, operators headed by CHINA TELECOM (00728.HK) are also looking for differentiated entry points to expand their cloud market share, especially in industry-specific solutions and regionalized services. Partner-driven cloud revenue remained stable, accounting for 26% of total market revenue. This share was expected to grow as the AI ecosystem continued to expand to meet the increased demand for integrated solutions and collaboration across industries. AAStocks Financial News |
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