Tuesday, 26 October 2021 02:56 GMT

Chinese cloud infrastructure operation expenditure increases 54pct


(MENAFN) As stated in an industry statement, China's spending on cloud infrastructure services amplified 54 percent year over year in the second quarter of the current year, boosted by huge domestic interest as virtual alteration, artificial intelligence and smart industries all stay on corporate and government policy.

Technology market research company Canalys reported, Chinese expenditure on cloud infrastructure services got to USD6.6 billion in the second quarter of 2021.

Information from Canalys demonstrated, Alibaba Cloud stayed the market chief with a 34-percent market share, whereas Huawei Cloud remained in second place, taking 19 percent of the market.

Lead by successes in smart tourism, government and finance, Tencent Cloud witnessed a speedy development in the second quarter, increasing 92 percent year over year and making up 18.8 percent of the market.


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