Oracle has dropped Tencent as a cloud client, losing a multi-billion-dollar contract, amid growing pressure to reduce US companies' ties to Chinese customers.

Losing a multi-billion-dollar cloud contract shows US hyperscalers being pushed to unwind China exposure, which narrows Chinese demand for US cloud and AI capacity.

Trade pressSlicast · November 4, 2026 at 13:13 UTC · Global · Source: Data Center Dynamics

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