Tencent Holdings, Tech- giant plans to capitalize on its strengths in video games and social media to gain market share in China’s burgeoning cloud computing industry from incumbent Alibaba.
Tencent is aiming to expand into business services as consumer internet growth slows and companies shift number-crunching from their own computers to the cloud.
“I think we can start from where we have advantages,” said Senior Executive Vice President Dowson Tong in his first interview.
Last year’s restructuring included the creation of the stand-alone unit from Tencent’s small six-year cloud operation.
“Our focus will be to capitalize on the advantages that Tencent has with the global video games eco-system, and help more customers some of whom are Chinese businesses going overseas, some of whom are local game developers in foreign markets,” Tong said at Tencent’s headquarters in the southern Chinese city of Shenzhen.
Tong listed gaming strengths such as audio and video communication as well as server management capabilities.
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17 November, 2019