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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!