The market is being driven by government stimulus measures, investment by service providers, digital transformation projects and increased demand for online services. Second-quarter cloud spending in China accounted for 12.4% of the US$34.6bil total global investment during that period. — SCMP
China maintained its position as the world’s second-largest cloud services market amid record spending of US$4.3bil (RM17.90bil) in the second quarter, fuelled by increased demand for online services during the Covid-19 pandemic and government stimulus measures, according to a report.
That marked a 70% increase from a year ago, led by domestic cloud infrastructure services spending on Alibaba Cloud, according to research firm Canalys in a report on Wednesday.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
