China’s Tencent is planning to invest $70 billion in emerging technologies, including blockchain, AI and cloud computing. Private and public entities in China are increasingly investing in the blockchain space. In April, Alibaba announced a 200 billion yuan (around $28 billion) cloud computing development fund. China’s Tencent is investing billions of dollars into developing cutting-edge technology solutions, according to Reuters. The company recently revealed its plan to invest 500 billion yuan (around $70 billion) in tech infrastructures like blockchain, AI and cloud computing in the next five years. The firm appears to be following the lead of many other Chinese multinationals that are looking to transform their technological infrastructure. In April, Alibaba announced a 200 billion yuan (around $28 billion) cloud computing development fund. Tencent is not particularly new to the blockchain industry. It is part of China’s recently launched national blockchain committee. According to an earlier BeInCrypto report, Tencent also launched a blockchain accelerator for the general public. The $70 billion fund is also part of a growing trend in China where public and private entities are increasingly investing in the blockchain space. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next GBP/USD Price Analysis: Keeps pullback from short-term support line above 1.2200 FX Street 3 years China’s Tencent is planning to invest $70 billion in emerging technologies, including blockchain, AI and cloud computing. Private and public entities in China are increasingly investing in the blockchain space. In April, Alibaba announced a 200 billion yuan (around $28 billion) cloud computing development fund. China’s Tencent is investing billions of dollars into developing cutting-edge technology solutions, according to Reuters. The company recently revealed its plan to invest 500 billion yuan (around $70 billion) in tech infrastructures like blockchain, AI and cloud computing in the next five years. The firm appears to be following the lead of many other Chinese… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
