Grazed from Barron's. Author: Isabella Zhong.
E-commerce giants Amazon (AMZN) and Alibaba (BABA) have been making an aggressive push into public cloud computing services but smartphone maker Huawei now wants to give the pair a run for their money. Huawei has announced plans for a new business that will focus on turning the Shenzhen-based company into a global provider of cloud computing services that will rival Amazon and Alibaba.
The company has previously offered private cloud services. Sijia Jiang of Reuters has more on Huawei’s cloud strategy. Public cloud computing is big business. Morgan Stanley analyst Grace Chen sees a $300 billion market opportunity today that could grow to around $340 billion by 2020. But the potential could be even greater if the public cloud becomes a transformational technology like electricity...
Read more from the source @ http://blogs.barrons.com/asiastocks/2017/04/11/watch-out-amazon-and-alibaba-huaweis-coming-to-the-public-cloud/