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<Research>CLSA Expects No Extreme Price War in CN Cloud Mkt in Near Term
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Some investors are concerned about the possibility of a price war in China's cloud market this year, and whether ByteDance's Volcano Engine will be a trigger for a price war, CLSA released a research report saying. The broker predicted that there will not be an extreme price war in China's cloud market in the near term, as all of Chinse cloud vendors experienced 2 years of losses or reducing their low-margin business. Moreover, CLSA forecasted KINGSOFT CLOUD (03896.HK)'s Gen AI revenue to grow 60% to about RMB2 billion this year, with incremental revenue mainly coming from Xiaomi's training demand in autonomous driving of about RMB400 million-RMB500 million, and expanding demand from AI LLM startups of about RMB100 million-RMB200 million. AAStocks Financial News |
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