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4 China cloud companies dominate 81% of the market
By Dr Wealth  •  October 19, 2020
The big four Chinese cloud companies are Alibaba Cloud, Huawei Cloud, Tencent Cloud and Baidu AI Cloud. They collectively commanded 81% of the market share in China. Alibaba Cloud is the clear leader with a 45% share. According to ReportLinker, the global market for Cloud Computing Services is estimated to grow at a CAGR of 17% over the period 2020-2027. Other reports have also suggested a CAGR above 10%. In the same report, cloud services in China is forecast to grow even faster at 22.1% per year. There’s a lot of tailwind to the cloud business. The best news is…you can easily invest because most of them are listed companies (except Huawei, which is a private company): The only downside is that you have to own other parts of the businesses and not just the cloud segment. All three companies have diverse businesses and cloud isn’t the majority revenue...
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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