back to article Tencent targets Alibaba, seeds data cloud with £1bn investment

Chinese megacorp Tencent is to pump $1.57bn (£1bn) into cloud computing tech over the next five years, in a bid to catch up with rival Alibaba. The money will go into infrastructure, operations, hiring talent and marketing its services, Dowson Tong, senior executive veep of Tencent, said at an industry forum on Tuesday, CNBC …

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