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Price war in Chinese cloud market - Tencent slashes prices with up to 40% $TCEHY

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Joey Hirendernath's avatar
Joey Hirendernath
@joeyhirendernathMay 18
@extremetechfund on further research Charlie Chai, said a more challenging cloud market would force companies to focus on product differentiation and that Baidu was well positioned as it had "unique, AI-centric products". So perhaps they don’t need to react aggressively.
Tech Fund's avatar
Tech Fund
@extremetechfundMay 18Author
@joeyhirendernath Probably they will have to follow yes, you have insights here?
Joshua Simka's avatar
Joshua Simka
@tomatoMay 18
To what extent can we expect these competitive dynamics to play out in the rest of the world? I understand that, like in China, the rest of the world's cloud infrastructure is in the hands of just a few major players—though no state-owned entities, of course.
Rihard Jarc's avatar
Rihard Jarc
@rihardjarcMay 19
Yeah crazy. On top of that $BABA cloud positive negative rev growth...
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