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by DebtDeflation 1895 days ago
>Huawei Cloud became China's second-largest cloud services provider in the fourth quarter of 2020, growing its Chinese market share to 17.4%, according to data from research company Canalys. This marked a sharp contrast to the fourth quarter of 2019, when Huawei Cloud was not in the top three.

They entered a market dominated by 3 players (Alibaba, Tencent, Baidu) and went from not even on the list to 2nd place with 17.4% share over the course of 1 year, and this is deemed a failure? This is equivalent to a new player entering the US cloud market, leapfrogging GCP and Azure in a year, and then deciding to exit the business because they haven't caught up to AWS yet.
2 comments
dragonelite 1895 days ago
seems like they are stream lining the departments.

>Caixin reported an internal memo revealed Huawei’s server and storage products unit will become part of the Internet Products and Solutions Department, which will be renamed ICT Product Solution and handle product R&D.

For the rest I know too little about Chinese cloud offerings etc.

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throw4738 1895 days ago
Did they made any profit? Was there some path towards profitability?

》 revenue generated by Huawei Cloud grew 168% year on year.

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