The top two players each held roughly 25 per cent of the 2024 market, followed by Tencent and Huawei, IDC says
Baidu and Alibaba Group Holding led the market for public cloud services supporting artificial intelligence in China last year, as the industry embraced “disruptive innovations” towards generative and agentic AI, according to consultancy IDC.
The mainland AI public cloud market reached 19.6 billion yuan (US$2.7 billion) in 2024, increasing 55 per cent on the back of surging demand for AI training and applications, IDC said on Monday.
The top two market players each accounted for roughly 25 per cent of the market, followed by Tencent Holdings and Huawei Technologies, according to a chart that did not provide exact share numbers. Alibaba owns the Post.
“Disruptive innovations” in AI drove the surge in the market, IDC said. Before 2022, demand for AI cloud services came from “traditional” applications, including optical character recognition, quality inspection and surveillance.
