Chinese tech giant Tencent plots Middle East cloud expansion as spending in the region booms [CNBC]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
tencent.com/en-us/investor.html
Company Research
Source: CNBC
The Middle East has drawn huge investments from tech giants to build AI data centers and other computing infrastructure. Tencent's expansion will likely put it into more direct competition with U.S. giants, including Amazon, Microsoft and Google. In this article The Tencent logo is displayed on the exterior of a building at the company's headquarters, with a surveillance camera visible in the foreground, on November 30, 2024, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images Tencent plans to expand its data center footprint in the Middle East, a top executive at the Chinese tech giant told CNBC, as the company looks to boost its cloud computing business outside China. Dowson Tong, CEO of Tencent's cloud group, told CNBC that the company plans to expand the number of “availability zones,” locations designated as sites for potential clusters of data centers, for its cloud services over the next 12 to 18 months, in countries across Asia Pac
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