Marketplace Tech Report
Sep 24, 2020 Details of the proposed deal for Walmart and Oracle to take a stake in Chinese company TikTok are still unfolding. But what is clear is that part of what’s in it for Oracle would be a new customer for its cloud computing business. The company has just under 3% of the global cloud computing market, according to research firm Gartner. Compare that with Amazon Web Services, or AWS, at 45%. The next biggest provider is Microsoft, with an 18% share. Amy Scott speaks about cloud competition with Eric Norlin, a venture capitalist with SK Ventures. He says nabbing TikTok is part of a bigger strategy.