Chinese internet giant Tencent Holdings is cutting prices for cloud services by up to 40% from June amid similar moves from rivals that have plunged the sector into a price war.. | May 17, 2023
China's video cloud market value reached $3.81 billion in the second half of 2020, up 45.7 percent year-on-year according to a recent IDC report on China's video market released July 21.