Tencent Sets $70 Billion Aside to Invest in New Infrastructure

Tencent 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...