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The latest IDC report reveals that the Chinese public cloud Infrastructure as a Service (IaaS) market attained a value of RMB 94.82 billion in the second half of 2024, marking a 13.8% year-over-year growth. Notably, Alibaba Cloud has seen a consistent resurgence in its market share, with fourth-quarter revenues soaring to RMB 31.742 billion, a 13% year-over-year increase. This growth is primarily fueled by the expansion of its AI-related product offerings. Huawei, China Telecom, China Mobile, and Tencent follow closely, occupying the second to fifth positions in the market, respectively.
IDC forecasts that in 2025, the public cloud market's development will pivot towards computing power infrastructure and AI empowerment. The integration of large AI models with big data is anticipated to further propel the market towards robust and sustained growth.
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