Tencent to invest USD 70bn in new infra sector

26 May 2020 - 12:00 am UTC

Tech conglomerate Tencent today said it will invest CNY 500bn (USD 70bn) in “new infrastructure” across the country in the next five years.

Key investment areas will include cloud computing, artificial intelligence, blockchain, super computing centers, Internet of Things, 5G, cybersecurity and Quantum computing.

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