Zhitong Financial APP has learned that Aliyun has been suspended from working with the network security department of the Ministry of Industry and Information Technology, which believes that Aliyun may be eroded by other competitors in the industry. Tide International (00596) continued to rise in early morning trading. As of press time, Wave International rose 5.82% to HK $4.73, with a turnover of HK $13 million.
Recently, due to mishandling after discovering serious security vulnerabilities in Apache Log4j2 components, the Ministry of Industry and Information Technology decided to suspend Aliyun as a cooperative unit of network security threat information sharing platform of the Ministry of Industry and Information Technology for six months.
Guoyuan International Review pointed out that it is expected that the revenue growth of Aliyun services from government enterprises will significantly slow or stagnate in the future, and that if rectification is not in place, it may be eroded by other competitors in the industry. it will have a negative impact on corporate image and business growth in the future. For other leading enterprises, it is a good opportunity to cut into more government and enterprise markets.
Wave International (00596) Wave Cloud, a subsidiary of the parent company, Wave Group, has been ranked first in China's government affairs cloud market for seven years in a row. At present, the tide group holds nearly 40% of the shares, making it its largest shareholder.