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Tencent's $70 billion investment plan in cloud computing will pit it against US providers - Business Insider

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Tencent will go head-to-head against US-based cloud providers as it looks to capitalize its cloud investments in markets outside of China

in the world in terms of cloud infrastructure revenues — both US- and China-based cloud providers have expanded their cloud infrastructure such that they compete head-to-head.

Indonesia and India will be crucial to Tencent's ambition to expand its cloud footprint and chip away at the Indonesia's cloud services market was expected to grow at a 29% annual rate in 2019, behind only China,

 

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