Report: China's cloud computing spending in Q3 close to $3 billion

China 's cloud computing infrastructure spending In the third quarter of this year reached 2.9 billion US dollars, a year-on-year increase of 60.8%, according to a report released by Canalys on Monday.

The report said that this amount accounted for 10.4% of global cloud computing spending. In terms of total expenditure, it means that China is currently second only to the United States.

Most of China's cloud computing market share is controled by local companies. Alibaba has a market share of 45% and Tencent ranks second with a market share of 18.6%. This was followed by 8.6% of Amazon AWS and 8.2% of Baidu.

Canalys said that driven by the demand for artificial intelligence services, the market demand for cloud computing infrastructure services in China will continue to grow rapidly.

However, globally, Amazon is in the leading position in cloud computing, accounting for 34% of the share, Microsoft and Google share about 15% and 8%, respectively. Amazon cloud computing business AWS in the third quarter of this year revenue of $ 8.995 billion, an increase of 34.7% year on year.