May 26 - 11:05
Tencent to invest $70 billion in tech over five years
Tencent says it will make a $70 billion investment in technology over the next five years. The Chinese firm wants to improve its infrastructure with cloud, artificial intelligence and better cybersecurity. It will also explore new blockchain, IoT and 5G solutions. China's government has demanded a "structural upgrade" of the country's economy in the wake of the coronavirus.
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