ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
China tech

Tencent chases Alibaba's cloud supremacy with $70bn buildup

Chinese tech group eyes advances in AI, blockchain and quantum computing

Tencent Holdings' $70 billion investment in new technologies follows a similar spending plan by rival Alibaba Group Holding.   © Reuters

GUANGZHOU -- Tencent Holdings will invest 500 billion yuan ($70 billion) over the next five years to roll out advances in cloud computing and other technologies, the Chinese internet services group said Tuesday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more