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China’s Tencent, the owner of billion-member messaging app WeChat, has announced it will spend 500 billion yuan ($70bn) into new infrastructure over the next five years.<\/p>\n
The spending plan, which was announced through the company’s official WeChat account<\/a> (Chinese language), will focus on artificial intelligence, blockchain, IoT, 5G, and quantum computing. The investment will cover both capex and research and development.<\/p>\n Tencent will also use the investment to build a network of large-scale data centre that will house one million servers across the country.<\/p>\n That’s a fair slug of the global server market, which runs to about 12 million units a year. Over the five-year course of this plan Tencent would therefore account for about one-and-a-half percent of all server shipments.<\/p>\n The Shenzhen-based company needs all those servers because on top of WeChat it runs a colossal gaming business, video streaming services and a small-but-growing cloud. To house it all the company recently completed construction of a 51-hectare data centre complex in Guizhou province that will house tens of thousands of servers. The development includes more than 30,000 square meters of tunneling inside a hill, and a bomb shelter guarded by robots.<\/p>\n Tencent’s announcement comes after China’s Premier Li Keqiang called for an push into new infrastructure as part of the government work report delivered at the opening of China’s pseudo-parliament, the National People’s Congress, on Friday.<\/p>\n Alongside the call for investment, China’s government announced a stimulus package of 3.6 trillion yuan ($503bn) and issue one trillion yuan ($140bn) of special treasury bonds, the first time such a stimulus has been made since 2007.<\/p>\n Tags:<\/b> Robbie Harb<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Buying all the buzzwords: AI, 5G and Blockchain implementations promised China’s Tencent, the owner of billion-member messaging app WeChat, has announced it will spend 500 billion yuan ($70bn) into new infrastructure over the next five years. The spending plan, which was announced through the company’s official WeChat account (Chinese language), will focus on artificial intelligence, blockchain, IoT, … Continue reading China’s Tencent to order ONE MILLION SERVERS as part of $70bn digital infrastructure splurge<\/span><\/a> Continue Reading See Campaign: <\/strong>https:\/\/go.theregister.co.uk\/feed\/www.theregister.co.uk\/2020\/05\/29\/tencent_70bn_infrastructure_spend\/<\/a>
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Robbie Harb<\/p>\n
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