19-08-2022, 03:40 PM
Huawei’s sales freefall slows as cloud business expands
https://www.ft.com/content/f537a945-cc31...e35d826166
Another data point.
https://www.ft.com/content/f537a945-cc31...e35d826166
Quote:Huawei’s cloud computing arm has successfully beat competitors, including Jack Ma’s ecommerce group Alibaba, to win cloud contracts.
Alibaba and rival Tencent draw about half of their cloud sales from providing services to China’s internet companies, which are struggling under the weight of Beijing’s tech crackdown.
“Huawei’s relationship with the government is really good, which helps them win business,” said Zhang. Huawei is also one of the top vendors providing private cloud services, a more highly customised segment of the market often preferred by the country’s lumbering state-owned enterprises and local governments. While Huawei’s political favour in China has helped buoy the company, the group’s ties to Beijing pose problems abroad.
Another data point.