Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
ZTE Faces Renewed U.S. Scrutiny Over Alleged Venezuela Bribery
JD.com’s Industrial Unit Slides in Hong Kong Trading Debut
Chinese GPU-Maker Warns Stock Surge Won’t Last Forever
LATEST
Chinese GPU-Maker Warns Stock Surge Won’t Last Forever
China to Require Real-Name Registration for All New Drones
JD.com’s Industrial Unit Slides in Hong Kong Trading Debut
ZTE Faces Renewed U.S. Scrutiny Over Alleged Venezuela Bribery
Chinese Chip Heavyweight Abandons Acquisition of Server Firm
Nvidia Welcomes U.S. Nod to Sell H200 AI Chips in China
Baidu Weighs Spinoff of AI Chip Unit for Independent Listing
Huawei’s Ren Downplays Chip Shortage, Touts AI for Industrial Value
China’s AI Chip Leaders Ride IPO Wave Amid Drive for Tech Self-Sufficiency
Tsing Micro Raises Over 2 Billion Yuan in State-Backed Round as China Ramps Up AI Chip Push
Synthetic Biology at Scale Could Reshape Food and Materials Systems, Expert Says
ByteDance in Talks With Smartphone Makers to Embed AI Assistant
Lenovo Executive Urges AI Startups to Take On Tech Giants
Infinigence AI Raises 500 Million Yuan to Expand Heterogeneous Computing Platform
Alibaba’s Quark Unit Launches AI Glasses Powered by Qianwen Model
Pony AI Plans to Triple Robotaxi Fleet to 3,000 by 2026 as Revenue Jumps
China’s Semiconductor Software Push Gains Traction Amid U.S. Curbs
Alibaba Scales Back Retail Spending, Dismisses AI Bubble Fears
Huawei Slashes Flagship Phone Price Amid Slowing Shipments
China’s CXMT Takes Aim at Global Leaders With High-End DDR5 Memory Chips
China’s Cloud Computing Market Had Record Growth, Report Says

By Tang Ziyi / Jul 18, 2019 04:49 AM / Business & Tech

Photo: VCG

Photo: VCG

China’s cloud computing market continued explosive growth in 2018, according to a report, as tech giants gear up to develop platforms that allow people to access and store information using off-site servers.

The country’s Infrastructure as a Service (IaaS) public cloud market grew 86.1% year-on-year to $4.65 billion, according to data released Wednesday by the research firm IDC. The global market expanded 45%. In 2017, China’s IaaS public cloud market increased 72% year-on-year.

IaaS, one of three cloud popular service models, provides storage and networking power for corporate clients to build their own applications. The two others, Platform as a Service and Software as a Service, are more like layers on top of IaaS and provide servers and applications built for company clients.

China’s IaaS market scale is expected to grow faster than that of the rest of the world over the next five years, said Zhuge Lan, industry analyst at IDC. The domestic market now accounts for 12.9% of the global market, up from 10.1% the year before.

Cloud service is seen as the next battleground for Chinese tech titans. E-commerce giant Alibaba tapped the market in 2009 as one of the earliest players in China. Latecomers include social media giant Tencent Holding Ltd., telecom operator China Telecom and software group Kingsoft Corp. Ltd.

In September, Tencent announced a plan to revamp its business structure, creating a new division devoted to cloud computing and data services for corporate customers.

Related: Battle for the Cloud

Share this article
Open WeChat and scan the QR code