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Chinese Cloud Services Rivalry Heats up as Alibaba, Tencent Face Off

By Benzinga
AI

Cloud-as-a-service has emerged as a growth driver for many companies, which explains the huge investments made by some big-name companies such as Amazon.com, Inc. AMZN and Alphabet Inc GOOGL GOOG.

Betting On Chinese Cloud Services

As with most other innovative cutting-edge technologies, China has emerged as a force to reckon with in the cloud computing sector. China’s overall cloud industry was valued at $48 billion in 2018, the East West Bank said, citing estimates by China’s Ministry of Industry and Information Technology.

Read more at Benzinga.

Photo: leighklotz

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