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On April 30th, IDC released the "China Public Cloud Services Market (2nd half of 2024) Tracking" report. AI is driving the recovery of the public cloud market. In the second half of 2024, the size of the public cloud IaaS market in China reached 94.82 billion RMB, an increase of 13.8% year-on-year. Alibaba Cloud ranked first in the market for three consecutive quarters. Huawei was second, China Telecom third, China Mobile fourth, and Tencent fifth.
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