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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Tencent pledges $70 billion investment in high-tech areas as Beijing pushes digital infrastructureChina 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. That $70 billion will probably go towards espionage capabilities which will be used to steal more American IP 🙄 Any investors do business in China or HK here? Pls follow the action of to kowtow.
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