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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...
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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

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