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The tremendous rise of the Chinese cloud market

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In the third quarter of 2020, China’s clouds have grown by a whopping amount of 65%. This boom in China’s clouds has been estimated to have hauled a revenue of over $5 billion. Estimates suggest that when the spending in the third quarter is compared with the spending in the second quarter, there is a possible growth of $750 million. It has been suggested that this sudden boom was majorly because of the restarting of projects delayed due to the Coronavirus pandemic.

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