NetEase to shut down public cloud service as AI boom intensifies competition
NetEase is shutting down its public cloud computing service on April 7 due to intense competition in the Chinese market. The company cited a "business strategy adjustment" and is offering refunds to clients with unused credits.
The termination of the nearly decade-old service comes as China's public cloud market shifts, driven by the rapid growth of artificial intelligence. Analysts suggest NetEase has been lagging in the AI sector, and the move highlights the fierce competition from state-backed telecommunications operators and other major tech companies vying for clients in the cloud market.
via SCMP Full Text Feed
NetEase is shutting down its public cloud computing service on April 7 due to intense competition in the Chinese market. The company cited a "business strategy adjustment" and is offering refunds to clients with unused credits.
The termination of the nearly decade-old service comes as China's public cloud market shifts, driven by the rapid growth of artificial intelligence. Analysts suggest NetEase has been lagging in the AI sector, and the move highlights the fierce competition from state-backed telecommunications operators and other major tech companies vying for clients in the cloud market.
via SCMP Full Text Feed
