Logo 12 Aug 2022

State-owned cloud on the rise

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On Thursday, China Mobile released its earnings report for H1 2022. 
What caught our eye: In the first half of 2022, China Mobile’s cloud revenue clocked in at RMB 23.4 billion, up a whopping 103.6% y/y. 
Why the massive growth? The company said the boom was primarily driven by SOEs’ risin...