IDC report: AI drives growth in public cloud market, Alibaba Cloud's market share rises for three consecutive quarters.

On April 30th, IDC released the "China Public Cloud Service Market Tracking" report, with AI driving the recovery of the public cloud market. By the second half of 2024, the size of the China public cloud IaaS market is expected to reach 94.82 billion RMB, a year-on-year increase of 13.8%. Alibaba Cloud ranks first in the market, with its share rising for three consecutive quarters. Huawei ranks second, China Telecom third, China Mobile fourth, and Tencent fifth.