China Cloud services spend exceeds $5 billion in Q3, Alibaba leads

Bengaluru, Nov 29 : Alibaba Cloud remained the leader in the China Cloud services market in Q3 with a 41 per cent market share and continued strong growth.
The China Cloud infrastructure spend grew 65 per cent in Q3 2020 to exceed $5 billion for the first time, acceding to the data provided by the global market research firm Canalys.
Total expenditure was over $750 million higher than in the last quarter and nearly $2 billion more than in Q3 2019.
Huawei Cloud and Tencent Cloud both saw healthy growth, each taking a 16 per cent share.
Baidu AI Cloud was the fourth largest cloud service provider, accounting for 7 per cent of total spend in the country.
The top four vendors collectively accounted for 80 per cent of total spend in Q3 2020.