Cloud infrastructure services spending in China reached US$11.6 billion in the first quarter, up 16 per cent from a year earlier, as adoption accelerated on the back of mainland enterprises’ growing artificial intelligence (AI) activities, according to research firm Canalys.
Alibaba Group Holding’s cloud computing unit continued to lead the industry in the March quarter, with a commanding 33 per cent market share and a 15 per cent year-on-year revenue growth, Canalys data showed. Hangzhou-based…

Read More