Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
GUANGZHOU, May 18 (Xinhua) — Chinese internet giant Tencent has announced plans to boost investment in artificial intelligence (AI) and further expand its overseas operations, the company said in an announcement Friday at the Tencent Global Digital Ecosystem Summit in Guangzhou, south China’s Guangdong Province.
Tencent’s R&D investment rose 21 percent year-on-year to 18.9 billion yuan (about $2.63 billion) in the first quarter of 2025 as the company works to upgrade its end-to-end AI ecosystem, which includes core large models, computing power, development tools and applications, said Tong Taosang, Tencent’s senior executive vice president.
In terms of developing the computing power sector, Tencent has set up data centers in Guangzhou, Qingyuan, Shaoguan and other places in the Guangdong-Hong Kong-Macao Greater Bay Area, which can provide basic computing power support for manufacturing upgrades.
Tencent Vice President Li Qiang said that Tencent Cloud, as a globally developing cloud computing provider, has achieved double-digit growth in its international business over the past three years, serving over 10,000 overseas customers in more than 80 countries and regions.
Tencent plans to further increase its overseas investment this year, allocating US$150 million to build its first data center in Saudi Arabia and US$500 million to build a third such center in Indonesia.
According to the company’s financial report released in March this year, Tencent’s revenue for the full year 2024 rose 8 percent year-on-year to 660.3 billion yuan. Meanwhile, its net profit and operating profit grew 19 percent and 24 percent, respectively. AI technology played a critical role in driving Tencent’s innovation and high-quality growth throughout last year. -0-