The Digital Source For China's Tech Innovation Since 2000

Search
Close

How China Continues To Breed Danger For Alibaba, Baidu, Tencent's Prospects

September 14, 2021
Source: stocksnewsfeed.com stocksnewsfeed.com
News Snapshot:
Concerns are at peak among investors and domestic tech companies, including China’s cloud majors Baidu Inc’s (NASDAQ: BIDU ) Baidu AI, Alibaba Group Holding Ltd’s (NYSE: BABA ) Alibaba Cloud, Tencent Holdings Ltd’s (OTC: TCEHY ) Tencent Cloud, and Huawei Technologies’ Huawei Cloud, Canalys reports . The four cloud companies account for 80% of total cloud spending in China’s cloud infrastructure market, worth $6.6 billion, up 54% year on year as of Q2 2021. Alibaba Cloud led with a 33.8% market share, and Huawei had a 19.3% share. The cloud companies continue to grow, defying China’s tech crackdown from solid...
Go To Original Source →
Tags: AI | Alibaba | artificial intelligence | Baidu | BIDU | ByteDance | China | cloud | crackdown | data | Didi | digital | Huawei | infrastructure | investment | investor | law | LED | online shopping | online video | search engine | Security Law | stock market | technology | Tencent

Other Related News:

Manchester United bidder explains unique app ownership model and outlines what fans would have say in

March 26, 2023

Poll: Do you think TikTok should be banned in the United States?

March 26, 2023

You wait ages for an AI chatbot to come along, then a whole bunch turn up. Why?

March 26, 2023

London City Hall bans TikTok on devices over security concerns

March 25, 2023

Huawei achieves 'strategic breakthrough' in 14nm chip design tools

March 25, 2023

5 ways that ChatGPT is better than Google Bard (and 3 ways it isn't)

March 25, 2023

Letters to the editor: ‘As the whistle-blower suggests, what we really need is a deeper non-partisan conversation.’ Dealing with interference, plus other letters to the editor for March 25

March 25, 2023

Aussie artist Matt Corby slams TikTok musos for using it to launch careers

March 25, 2023

China is now Russia's 'big brother': What Xi Jinping gained from Moscow visit

March 25, 2023
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter