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China’s globalizing startups could be a boon to US cloud giants
China’s globalizing startups could be a boon to US cloud giants After several quarters of rapid growth, fueled by remote work cloud computing, the market for cloud services is slowing down as companies are looking for ways to cut back on the use of cloud services in post-COVID conditions and an uncertain economy. AWS has seen its growth slow to the mid teens in its first quarter of year. In the overall sector, the market has slowed to 21%, down from 36% in the previous year. There's an upside to this --- U.S. cloud firms are gaining orders from Chinese…