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In depth: Darkening skies for China's cloud kingpins

Geopolitical friction pushes China out of the US, sharpens rivalry at home

Huawei had 11% of China's domestic cloud market in 2020, while Alibaba had a dominant 40% share. (Source photos by Reuters) 

In the first quarter of the year, Alibaba Cloud's revenue growth dropped precipitously.

Last year the domestic leader, part of the group that includes e-commerce giant Alibaba and an affiliate of financial services titan Ant Group, made about 55.58 billion yuan ($8.6 billion). That was up 56% year-on-year -- compared with an average of about 50% for Chinese cloud companies. In the first quarter of this year, Alibaba's income growth fell to 37%.

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