In the first quarter,My Young Master (2019) Korean movie China’s cloud service spending rose by 20% year-over-year to $9.2 billion, according to the latest data from market research firm Canalys. The market continues to be dominated by the three giants—Alibaba Cloud, Huawei Cloud, and Tencent Cloud—which collectively grew 22% year-over-year and held 72% of the total market share. Alibaba Cloud led with a 37% market share, followed by Huawei Cloud at 19% and Tencent Cloud at 16%. Price cuts by major vendors and increased AI application investments boosted cloud adoption, the report analyzed. Additionally, both Huawei and Tencent introduced AI-focused partner programs to enhance market differentiation and foster AI adoption. [Canalys]
