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Friday, April 19, 2024

Tencent Cloud targets overseas growth

Mr Yeung at a media event held in Singapore yesterday.

Tencent Cloud, a division of the Chinese tech giant, is gearing up to expand its media solutions to capitalise on growth in live-streaming and Web 3.0, while differentiating itself from US cloud computing rivals.

The move is intended to increase the company’s overseas business amid a slowing economy and regulatory restrictions in the Chinese market.

“Southeast Asia is a growing cloud computing market as businesses continue their digital transformation journeys,” Poshu Yeung, senior vice-president of Tencent Cloud International, said at a media event in Singapore yesterday.

Tencent Cloud has expanded rapidly in Southeast Asia, including two local data centres in Thailand that…

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