3 6 Ke·2025-09-28 03:32Core Insights - The competition for dominance in China's "AI cloud" market is intensifying as companies like Alibaba Cloud, ByteDance's Volcano Engine, and Baidu Smart Cloud vie for market share [1][5] - The definition and scope of "AI cloud" remain ambiguous, leading to varying statistics and claims from different cloud service providers [2][6] Market Research Reports - Seven market research reports on the AI cloud market have been published by IDC, Omdia, and Sullivan, with IDC providing the most comprehensive analysis [3][4] - Omdia estimates the total revenue of China's AI cloud market to be $3.1 billion (approximately 221 billion yuan) for the first half of 2025, with Alibaba Cloud holding a 35.8% market share [7] Company Rankings - Alibaba Cloud ranks first in five of the seven reports, while Volcano Engine leads in the rapidly growing MaaS model service market [5][14] - Baidu Smart Cloud and Alibaba Cloud are tied for first place in the AI public cloud services market, which has evolved from the small model era prior to 2022 [15] Market Growth and Projections - Alibaba Cloud's revenue for the first half of 2025 is projected to be 63.5 billion yuan, reflecting a year-on-year growth of 21.8% [28] - Volcano Engine aims for revenue exceeding 20 billion yuan in 2025, with a long-term goal of surpassing 100 billion yuan by 2030 [29] Token Market Dynamics - The token calling market is currently small but is expected to grow rapidly, with daily token consumption in China increasing from 100 billion to over 30 trillion in just over a year [30][31] - The revenue from token calls is projected to grow exponentially, making it a critical area for competition among cloud service providers [32][33]