Tencent cloud group eyes transformation

Market leader: The Tencent headquarters in Shenzhen. China’s spending on cloud infrastructure services continues to grow 11% year-on-year in the second quarter of this year. — Bloomberg

SHANGHAI: Chinese tech company Tencent Holdings is looking to transform from integrator to enabler and connector of other companies for its cloud business to stay competitive amid an accelerated digital transformation, says its top executive.

“With the strategic transformation, Tencent aims to become a platform that can be integrated instead of acting as an integrator, which means becoming more focused on our own products and technologies, further enabling other companies,” said Dowson Tong, senior vice-president of Tencent and CEO of Tencent’s cloud and smart industries group, during the Tencent Digital Ecosystem Summit that ended last Thursday.