China has been pushing the development of 'new infrastructure' which includes the development of technology like 5G and artificial intelligence. Tencent's investment will bolster that effort.
Chinese technology giant Tencent will invest 500 billion yuan over the next five years in areas from cloud computing to artificial intelligence.
China has been pushing the development of "new infrastructure" which includes the development of technology like 5G. Tencent's investment will bolster that effort. Tencent's investment plans would bolster competition with China's other technology giants from Alibaba to Baidu in emerging technology areas.Omar Marques | SOPA Images.| LightRocket | Getty Imageswill invest 500 billion yuan over the next five years in areas from cloud computing to artificial intelligence, a move boosted by Beijing's calls to push digital infrastructure., said on Monday it would issue up to $20 billion of new bonds to professional investors to raise capital.
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