27 days ago • Posted by William Ramstein

China's cloud services market is set to blow up

China’s enterprise software-as-a-service market is expected to grow around 40% annually over the next five years and reach $40 billion in revenue in 2025, according to estimates by JPMorgan. Cloud services are among the fastest-growing businesses for giants like Tencent and Alibaba Group Holding Ltd., while up-and-comers like Tuya Inc. and Agora Inc. have in recent years raised billions in U.S. listings.

Source: Bloomberg