(Yicai Global) April 20 -- Providing cloud computing and services related to Internet of Things and big data will be the main future orientation of Tencent Holdings Ltd [HKG:0700], said its founder and president, Pony Ma.
Ma, one of China's leading internet entrepreneurs gave clues about his company's future strategies and business positioning in a forum held today. "At a time when Chinese enterprises are transforming towards digitalization and digital economy, Tencent will stick to its positioning as an eligible connector, continuously pouring efforts into such new technological fields as artificial intelligence (AI) and visual reality (VR) and unleashing our core strengths in 'Internet plus,' ranging from cloud computing, big data, and location based service (LBS), payment and security," he was quoted by Stcn.com as saying.
The manufacturing industry is the primary battlefield for the shift to new driving forces from old ones, while traditional firms should thrive on processing big data through cloud-based AI in the future, he stressed.
Pointing to Tencent's cooperation with Sany Heavy Industry Co. [SHA: 600031] in the field of industrial internet, Pony Ma said the "Internet plus" strategy has facilitated manufacturing industry.