China’s Tencent Plans $70B Investment in Emerging Tech Including Blockchain

China’s Tencent Plans $70B Investment in Emerging Tech Including Blockchain
фото показано с : beincrypto.com

2020-5-27 18:20

China’s Tencent is reportedly planning to invest about $70 billion in emerging technologies like the blockchain and artificial intelligence (AI) as part of a tech-focused upgrade of its operations.

According to Reuters, Tencent is following fellow Chinese conglomerate Alibaba in plugging billions of dollars into developing cutting-edge technology solutions. On Tuesday, Tencent revealed plans to invest 500 billion yuan (~ $70 billion) in tech infrastructures like the blockchain, AI, and cloud computing in the next five years.

Tencent’s plans are the latest in a string of Chinese multinationals looking to revamp their technological infrastructure. Back in April, Alibaba announced a 200 billion-yuan (~$28 billion) cloud computing development war chest.

Tencent, the WeChat creator, is no stranger to the blockchain scene, as the conglomerate is part of China’s recently launched national blockchain committee. As previously reported by BeInCrypto, the company also launched a blockchain accelerator for the Chinese public, leveraging its expertise in the emerging technology.

The planned $70 billion fund is also part of a growing trend of public and private entities in China investing in the blockchain space. The adoption of the technology is reportedly growing in the country with the full backing of the authorities in Beijing.

The post China’s Tencent Plans $70B Investment in Emerging Tech Including Blockchain appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.0854932 (-100%)

emerging blockchain china tencent artificial intelligence tech-focused

emerging blockchain → Результатов: 126


FCC Chairman Admits Antiquated Regulation May Hurt Emerging Blockchain Technology

Aijt Pai, U. S. FCC Chair, has said it’s a challenge to level the playing field between emerging technologies, including blockchain, and not disadvantage any of them. US Telecoms Regulator Studies How to Evolve Blockchain The chair of the Federal Communications Commission (FCC) – the government agency in charge of regulating radio, television, wire, satellite, and.

2018-10-27 01:00


CYBR ICO

The CYBR Ecosystem is a holistic, cyber security solution for the blockchain which ensures secure smart transactions occur via a portal designed to provide real-time safeguards, countermeasures and threat intelligence to the CYBR community as well as other crypto entities and exchanges who rely on our cyber security solutions.

2018-10-25 04:33


Фото:

U.K. Money Management App Emma Launches Cryptocurrency Feature

Although the cryptocurrency industry is facing a downward slump, Emma, the London-based money management app sees long-term potential with the emerging asset class. According to TechCrunch’s article published on October 18, 2018, Emma launched a new cryptocurrency support feature in their app that links with a large number of cryptocurrency exchanges to help users track their existing balance.

2018-10-20 19:00


Фото:

SEC Sets Up Open Line of Communication for Fintech Projects With FinHub

The U. S. Securities and Exchange Commission (SEC) has launched a new office to engage with cryptocurrency and blockchain startups. Called the Strategic Hub for Innovation and Financial Technology (FinHub), the division will make it easier for fintech startups to interact with the regulator on related issues and the legal implications of products before they launch them.

2018-10-19 01:51


XLM Stands Up With Real World Application

Coming in at number 6 as one of the biggest cryptocurrencies in the world is Stellar. Adoption is increasing and the crypto is currently in the green after yesterday’s market crash. A US-based qualified custodian, Prime Trust recently announced that they will support Stellar while it is being actively used as the network of choice to build platforms on due to quick speeds and being trustworthy.

2018-10-12 21:30


Фото:

Under-Regulated Cryptocurrency Era to Come to an End Soon as Regulators Speeden Crypto-Legislation

Although the cryptocurrency industry currently lacks robust regulations, this will quickly change as the industry matures over time. According to an Asia Times article published on October 4, 2018, regulations surrounding cryptocurrencies will grow at a significantly fast rate as regulators attempt to place old frameworks on new and emerging technologies.

2018-10-7 17:00


Фото:

Malta’s Rise to Crypto Prominence, E.U. Proximity Helps Island-State Lead Blockchain Revolution

Malta is emerging as a prominent force in the world of cryptocurrencies. The European island-state has surprised many this year with its continual positioning as a “blockchain economy,” and is now edging over Gibraltar, another economy banking on blockchain for a resurgence, due to the latter’s shaky relationship with the European Union.

2018-10-7 01:12


Фото:

Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

2018-10-6 16:37


Фото:

The Blockchain Industry Could Reach $7 Billion, Says Bank of America

Although the blockchain sector is still an emerging industry, the Bank of America estimated that the addressable market for blockchain will soon reach $7 billion. According to CNBC, while blockchain technology is not standard in a business-to-consumer market, it could help improve existing services in business-to-business markets such as the Software-as-a-Service (SaaS) industry, the real estate sector, the supply chain,.

2018-10-5 03:00


Фото:

PR: CrowdForce Launches ICO For Blockchain Based Agency Banking & Data Collection Platform

94% of Transactions are done offline and 3 billion people are underbanked and unbanked in Emerging Markets “CrowdForce” Announces Launching of ICO For Their Blockchain Based Agency Banking & Data Collection Platform Mahe – In 2016 Alphabet’s CEO, Eric Schmidt predicted that “the next $100 billion company will be driven by crowd-based solutions.

2018-9-28 12:30


Фото:

Verifer.io Platform Overview: Equipped for Industry-Leading Verification and Investigation

The newly emerging blockchain space currently suffers from a variety of hurdles relating mainly to the challenges and complications of regulatory compliance; in an industry as rapidly expanding and dynamic as blockchain, these are practically difficult problems to solve, due to the increasing number of quality verifications and investigative reports required by active companies and individual investors in the space....The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-27 18:00


Фото:

Binance’s Blockchain Charity Foundation Partners With United Nations Development Programme to Use Blockchain for Social Good

As new use cases of the blockchain technology are emerging each day, it is becoming increasingly clear that distributed ledgers could help in creating a better future for all. The United National Development Programme (UNDP) also seems convinced that DLT infrastructures could bring good to the world.

2018-9-25 10:34