China’s cloud infrastructure spending whopped $10.2 billion in the third quarter of this year, an increase of 11% year-on-year and returning to double-digit growth, according to a report by market research firm Canalys.
During the quarter, the top three cloud service providers saw their positions remain unchanged, with Alibaba Cloud, Huawei Cloud and Tencent Cloud continuing to lead the pack, with market shares of 36%, 19% and 15%,respectively, showed the data.
Meanwhile, operators headed by China Telecom are also looking for differentiated entry points to expand their cloud market share, especially in industry-specific solutions and regionalized services, it said.
Partner-driven cloud revenue remained stable, accounting for 26% of total market revenue, and the share was expected to grow as the AI ecosystem continued to expand to meet the increased demand for integrated solutions and collaboration across industries, it added.