Alibaba Stands To Lose Its Cloud Crown In 2023 [Seeking Alpha]

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Seeking Alpha
metamorworks/iStock via Getty ImagesThere is something I already talked about in the past,in an articleNYSE:BABAcloud businesses at an incredible pace and were taking cloud share from Alibaba. This was making it ha for Alibabaâ??s cloud segment to grow.This trend, motivated by State-linked entities favoring SOEs (State-Owned Enterprises) cloud services due to national security considerations, has continued. Of course, in spite of the private sectorâ??s expansion in China, the public sector remains very large, not just in terms of the central and local administrations, but also due to a large presence of enterprises where the State owns significant equity stakes.The trend has continued to such an extent, that it motivates todayâ??s article. The reason is simple: thereâ??s ahigh likelihood Alibaba will lose its cloud leadership in China already in 2023. This loss will happen to China Telecomâ??s cloud operations. Letâ??s see why.Current And Prospective 2023 Cloud Segment Sizes For Aliba
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