Type to search

Tencent to Sink $70 Billion Into New Infrastructure

Technology giant Tencent will invest 500 billion yuan ($70 billion) over the next five years on its digital rollout of more new infrastructure.

India garnered record bids to the tune of 1.45 trillion rupees, or $18 billion, on the first day of auctions for 5G spectrum.
India is looking to upgrade technology across industrial, consumer, healthcare and educational sectors before rolling out 5G services across the country. File photo: Reuters.


Technology giant Tencent is to invest 500 billion yuan ($70 billion) 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 200-billion 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 centre.

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.


• Jim Pollard

This report was updated on December 29, 2021 for style purposes.




Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.


AF China Bond