Canalys published its annual cloud services market share report for China on Monday. Overall, 2021 was a strong year in the mainland of China, with the cloud infrastructure services market growing 45% to a total of $27.4 billion.
After Kingsoft Cloud's stock price dropped on Monday, the cloud service provider in China announced that it will explore a dual listing of its ordinary shares on the Main Board of the Hong Kong Stock Exchange.
Zhenzhi Technology, a service provider for corporate digitalization, has recently obtained 70 million yuan ($11.08 million) in new financing.
The 2022 Winter Olympics in Beijing will be broadcast globally using the cloud services of leading Chinese tech firm Alibaba.
Hichain Logistics, a tech industry transportation and warehousing enterprise, announced at noon on Friday that it has signed cooperation agreements with Tencent Cloud and Digitforce, a digital solutions provider for enterprises.
On Thursday, Galaxy Future, a cloud native basic engine provider established less than half a year ago, announced that it had completed an angel investment round worth tens of millions of dollars.
Huawei announced that the satellite carrying the computing load of "Sky Computing Constellation" was successfully launched on December 7.
Volcengine made its debut and released a full range of cloud products including cloud infrastructure, video and content distribution, data processing and artificial intelligence, with a total of 78 services.
On Thursday, Robin Li, Cofounder and CEO of Baidu, launched his new book entitled “Intelligent Transportation: Significant Transformation Over 10-40 Years Influencing the Future of Humanity.”
Tencent Cloud, a cloud computing service provided by Chinese tech giant Tencent, announced that it has opened the company's first data center in South America, located in São Paulo, Brazil.
The update says that the firm earned $45.04 million in Q3, up 46% from last year's $30.8 million.
Canalys released the second quarter 2021 report for China's cloud computing market on Monday, showing that the country's cloud infrastructure market increased by 54% in the period to reach $6.6 billion.
According to data made available by Canalys on June 23, the expenditure on cloud infrastructure services in the Chinese market grew by 55% in the first quarter of 2021, reaching $6 billion.
After 12 years of research on intelligent storage and global cloud network technology, Alibaba Cloud officially launched its first personal cloud product.
Artificial intelligence (AI) giant Baidu Inc. on Feb. 18 released its unaudited financial results for the fourth quarter of the fiscal year ending on Dec. 31, 2020.