Chinese Internet giant Tencent Holdings Ltd. said it will invest additional RMB3 billion (US$438 million) to expand its data centre project in China’s southwestern city Chongqing on Wednesday. Tencent is pushing its cloud capability to compete with Alibaba. In 2017, Tencent owned 10.3% of the cloud market, lagging behind Alibaba’s 45.5% market, according to a IDC report. The company will start its second phase project in the end of this year and aims for computing storage capacity of 200,000 servers. Since …

Tencent To Invest Additional $438M In Its Southwestern Data Centre appeared first on China Money Network.


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