Technology May 27

Tencent to sink 500bn yuan into new infrastructure

Data centres, a 5G network and blockchain among targets of fresh investment

by Nadeem Xu
Tencent to sink 500bn yuan into new infrastructure
Tencent plans to build its own 5G network.

(ATF) Technology giant Tencent is to invest 500 billion yuan ($70bn) in the next five years on its infrastructure rollout for the further layout of the new infrastructure.

Key investment areas include a 5G network, cloud computing, artificial intelligence, blockchain, an Internet of Things operating system, audio and video communication, network security and quantum computing.

Tencent will also build a number of large data centres with millions of servers nationwide.

It joins other internet companies that have accelerated the rollout of new infrastructure.

Ariyun said on April 20 that it will invest 200bn yuan in the next three years to research and develop key core technologies such as cloud operating systems, servers, chips and networks and to build a future-oriented data center.

On May 8, JD.com officially released its “new momentum plan”, a service enterprise digital transformation project, to provide infrastructure for the enterprise's digital transformation.

Baidu reached a strategic cooperation with Guangzhou Development Zone on May 8. The two will jointly build a Guangdong-Hong Kong-Macao intelligent network connection pilot area. Baidu will become one of the first major participants in Guangzhou's digital new infrastructure projects.