IDC Report: AI drives growth in the public cloud market, with Alibaba Cloud's market share rising for three consecutive quarters.

On April 30, IDC released the "China Public Cloud Service Market (Second Half of 2024) Tracking" report, stating that AI is driving a recovery in the public cloud market, with the market size of China's public cloud IaaS in the second half of 2024 estimated to be 94.82 billion RMB, a year-on-year increase of 13.8%. Alibaba Cloud ranks first in the market, with its share rising for three consecutive quarters. Huawei is second, CHINA TELECOM third, CHINA MOBILE fourth, and Tencent fifth.