Over the past few years, personal cloud storage in China has witnessed exponential growth as a convenient replacement for mobile storage devices. The event has created a domino effect in China’s personal cloud storage sector, resulting the shutdown of six major services. March 17 — UC Net Disk, the online storage arm of Alibaba Group, said it would terminate its storage offerings entirely. April 26 –KuaiPan, an online storage provider owned by Nasdaq-listed Xunlei, closed its personal storage service. –KuaiPan, an online storage provider owned by Nasdaq-listed Xunlei, closed its personal storage service.