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

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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.

 

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