Total spending on public and private cloud infrastructure in China reached USD 12.1 billion in 2018, up nearly 75% year-on-year, and accounting for 12% of the global market, according to IDC.
Yet the growth of China’s public and private cloud markets is about twice that of the global growth rate, and by 2023, the country is expected to represent 25% of the global market, passing the US to become the world’s largest cloud market.
Meanwhile, a recent research report by Synergy Research Group found that Alibaba dominates the Chinese cloud market through AliCloud, which has a 40.5% share in China. Tencent Cloud was ranked second with a 16.5% market share, followed by Sinnet, China Telecom, and China Unicom, who closed out the top-five.
New launches, big wins: Early StageNew launches, big wins: Early Stage
Chinese companies are flocking to India, but their optimism needs to be temperedChinese companies are flocking to India, but their optimism needs to be tempered
Nikkei teams up with 36Kr in Asia tech news coverageNikkei teams up with 36Kr in Asia tech news coverage
Grady Laksmono of Moka on supporting small businesses: Startup StoriesGrady Laksmono of Moka on supporting small businesses: Startup Stories
The continent of the 21st century: Venture VoicesThe continent of the 21st century: Venture Voices