Cloud Equity Group portfolio company Brightworks IT announced the acquisition of RAD Computing, a provider of managed IT services. The acquisition is expected to expand Brightworks IT’s service offerings and strengthen its presence in the managed IT services market. According to the company, the acquisition will help them to better serve their clients and expand their reach. The terms of the deal were not disclosed. 

According to a report by The Insight Partners, the global cloud computing market is expected to grow at a compound annual growth rate of 17.2% between 2021 and 2028. The surge in AI integration and OTT platforms is driving the growth of the market. The report also highlights that the increasing demand for cloud-based services and solutions, the growing adoption of cloud-based applications, and the increasing demand for cloud-based storage solutions are some of the major factors driving the growth of the market. Furthermore, the increasing demand for cloud-based services and solutions across various industry verticals is also expected to contribute to the growth of the market.

In recent years, the Chinese cloud computing market has experienced a remarkable growth rate of over 30%. According to Gartner, the global public cloud market, represented by IaaS, PaaS, and SaaS, reached a scale of USD 330.7 billion in 2021, with a growth rate of 32.5%. China's cloud computing market has also continued to grow rapidly, becoming a critical cloud computing market globally. In 2021, China's cloud computing market reached CNY 322.9 billion, a year-on-year growth of 54.4%. Leading cloud computing companies in China are at the forefront of the industry's development, thanks to their excellent technical capabilities and global strategic layouts. This article, EqualOcean reviews 12 Chinese leading cloud computing companies, exploring their impressive performance in technology.