Tencent takes aim at business customers with new unit, investments

Monday 1 October 2018 | 09:52 CET | News
Update: 1 October 2018 | 14:23 CET
Chinese internet group Tencent has announced a major new restructuring programme. Under the plan, the company will consolidate certain operations and also create a new division for business services such as cloud computing. President Martin Lau said the company had to "stay awake" to "lead Tencent into the next era." CEO Pony Ma called the changes "a new starting point for Tencent in the next 20 years." The company will also set up a technical committee to promote research and development as Tencent looks to invest in artificial intelligence, 5G, robotics and quantum research laboratories.

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[01/10/2018 14:23 - Update: Added statement from company, with more details]

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Categories: General
Companies: Tencent
Countries: China / World
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