Tencent Sets $70 Billion Aside to Invest in New Infrastructure

WorldNews Wednesday, 27 May 2020
Tencent Sets $70 Billion Aside to Invest in New InfrastructureTencent Holdings, the Chinese tech giant, announced that it would invest a hefty 500 billion yuan, or approximately $70 billion, into technology infrastructure for the next five years. This infrastructure project includes artificial intelligence, cloud computing, as well as cybersecurity. This comes from a statement the company had made on Tuesday. Plans To Drive Innovation Forward This announcement came shortly after an...

💡 One News Page Knowledge: Other News Mentions

Tencent Tencent Chinese internet conglomerate

Judge again blocks Trump administration push to ban WeChat in the US

Illustration by Alex Castro / The Verge

A judge in California has rejected a request from the Department of Justice to reverse a previous decision..

The Verge

You Might Like

Tweets about this