Newsletter Sign-up CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Gartner estimates that Alibaba’s cloud business last year expanded by roughly 62% from 2018, grabbing 9.1% of the global market—making it the world’s third-largest cloud provider behind front-runners Amazon and Microsoft, but ahead of Alphabet Inc.’s Google Cloud. Over the same period, Tencent grew its cloud services by more than 100%, capturing 2.8% of the world market, Gartner said. “While Alibaba is very successful in the China market, they may not be able to make a substantial difference elsewhere,” he said. The Trump administration has targeted Chinese technology firms, including Tencent and Huawei, with a series of trade restrictions and bans, citing concerns over data security.

Source: Wall Street Journal September 10, 2020 09:33 UTC