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China to spend $85bn on cloud infrastructure services

Big spenders Alibaba, Tencent, Huawei and Baidu lead the boom in investments which saw expenditure grow from US$8.5 billion in 2020, to US$27.4 billion last year.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

March 28, 2022 | 1:34 AM BST

Mainland China’s cloud infrastructure services expenditure is set to reach US$84.7 billion by 2026, representing a five-year CAGR of 25%.

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João Marques Lima

Founder and Editor, The Tech Capital

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