NetEase announced its decision to shut down one of its public cloud computing services, effective April 7. The company cited a 'business strategy adjustment' as the reason for the discontinuation, acknowledging intense competition in the crowded public cloud market.
Clients with unused credits in their accounts are eligible for a refund upon request. This move represents a divestiture from a non-core, highly competitive business segment.
The discontinuation allows NetEase to reallocate resources and focus on its primary strengths in internet and game services. This strategic decision aims to improve overall operational efficiency and profitability by exiting an unprofitable venture.
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