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Cloud computing is a free-for-all market, says Kingsoft CEO

Nov 14, 2018 by The Passage Team
Cloud computing is a free-for-all market, says Kingsoft CEO

China’s cloud computing market’s future is not fixed, any more than Microsoft’s asset value exceeding that of Amazon’s was, Wang Yulin, chief executive of the major Chinese player Beijing-based Kingsoft Cloud, told Yicai Global.

The sector’s first round of competition has seen a group of players ejected, but who will now become front-runner remains uncertain, Wang said.

Internet businesses were the major players before last year as cloud computing applications quickly shifted to traditional businesses from the internet as the demographic dividend waned, Wang said.

Source: YICAI Global

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