Tencent to invest 500 billion yuan on new infrastructure in next 5 years


BEIJING: China's tech giant Tencent announced on Sunday (May 31) it will invest 500 billion yuan (US$70.11 billion) in the next 5 years to develop new infrastructure across the country.

The funds will be mainly invested in cloud computing, artificial intelligence, blockchain, supercomputer center, quantum computing and data center, said Tang Daosheng, senior executive vice president of Tencent.

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