IaaS success puts Chinese companies on cloud nine
By CHENG YU |
China Daily |
Updated: 2021-04-27 09:20
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The booth of Alibaba Cloud at an exhibition in Hangzhou, on Nov 12, 2020. [Photo by Long Wei for China Daily]
Chinese cloud computing service providers posted high growth last year, according to an industry report from Gartner, a market research provider.
Alibaba Group Holding ranked as the world's third-largest infrastructure-as-a-service, or IaaS, provider.
IaaS is a major form of cloud computing service that provides virtualized computing resources over the internet.
According to the report, Alibaba Cloud, a subsidiary of China's e-commerce giant, saw its global market share increase to 9.5 percent last year from 9.1 percent in 2019.