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18.08.25 - 15:06
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Alibaba, Baidu lead China′s fast-growing market for AI cloud services (SCMP)
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Baidu and Alibaba Group Holding led the market for public cloud services supporting artificial intelligence in China last year, as the industry embraced “disruptive innovations” towards generative and agentic AI, according to consultancy IDC.
The mainland AI public cloud market reached 19.6 billion yuan (US$2.7 billion) in 2024, increasing 55 per cent on the back of surging demand for AI training and applications, IDC said on Monday.
The top two market players each accounted for roughly 25 per......
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