China’s internet moguls are nothing if not fiercely competitive. Take, for instance, the jockeying for leadership in the market for cloud services. Baidu, the country’s search giant, surprised industry watchers on May 21st when it revealed that revenue from its cloud-computing business in the first quarter had surged by 42%, year on year, blowing through analysts’ predictions. The same day Tencent, maker of the WeChat super-app, hosted a cloud-computing conference at which it promised a big upgrade to its platform and cut its prices. The next day Alibaba, China’s biggest e-commerce firm, told an audience at its own cloud-themed conference that it was expanding globally
→ Continue reading at The Economist
