As Chinese tech companies come under regulatory scrutiny at home, concerns and pressures are escalating among investors and domestic tech companies including China’s four big cloud companies, BATH (Baidu AI, Alibaba Cloud, Tencent Cloud and Huawei Cloud), according to an analyst report.
Despite a series of antitrust and internet-related regulation crackdowns, the four leading cloud companies have been growing steadily. As the current scrutiny is not particularly focused on the cloud sector and the demand for digital transformation, artificial intelligence and smart industries remains firm, China’s cloud infrastructure market size mounted to $6.6 billion, which is an increase of 54% compared with the previous year, in the second quarter of 2021.
