AI boom fails to propel China’s cloud market growth

An AI sign is seen at the World Artificial Intelligence Conference in Shanghai on July 6, 2023.

Aly Song | Reuters

BEIJING — Excitement over artificial intelligence isn’t yet fueling a boom in cloud services spending in mainland China.

“The Chinese cloud services market remains conservative, relying heavily on government and state-owned enterprises to drive growth,” tech market analysis firm Canalys said in a report Wednesday.

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