Details: Alibaba and Baidu Lead China’s AI Cloud Market
A new report shows that China’s AI cloud services market grew by 55% in 2024, reaching nearly $2.7 billion USD.
The surge is driven by rising demand for large model training and generative AI applications, particularly in finance, e-commerce, and healthcare.
Alibaba Cloud and Baidu AI Cloud dominate the sector, holding the largest market shares, while Tencent and Huawei remain smaller competitors.
The industry is considered a strategic pillar in China’s tech roadmap, aimed at achieving self-reliance in AI and reducing dependence on U.S. providers.
Analysts highlight that strong government investment and policies encouraging AI integration into traditional industries have been major accelerators of this rapid growth.
Summary:
China’s AI cloud market soared 55% in 2024 to $2.7B, led by Alibaba and Baidu. Growth is fueled by generative AI demand and state support, reinforcing China’s position in the global AI race.