Tencent plays catch-up in Cloud computing services as video gaming business slows

  • 📰 staronline
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

Tencent was affected last year by a government reshuffle that led to a nine-month halt in video game licence approvals.

— SCMP

Tencent Holdings, operator of China’s biggest social media and video gaming businesses, said it will step up investments in Cloud computing for industries, heating up its rivalry with e-commerce giant Alibaba Group Holding in that growing online services market segment. Shenzhen-based Tencent said its Cloud computing operations will be the vehicle on which its data analytics, artificial intelligence and security systems can be customised for industries such as retail, financial services, transport, health care and education.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They just got hit with a lot of sales with Glory of King last February

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines