According to Chinese media Sina Tech, Tencent's first data centre in Indonesia has been put into operation in Jakarta, and a second data centre will be launched in the next few months. In addition, Tencent will set up data centres in Thailand and South Korea.
Companies in Indonesia using Tencent's cloud services include Bank Neo Commerce, enterprise communications company Aestron and entertainment streaming platform JOOX.
"This year we are going to be a lot more aggressive building out our [cloud] infrastructure around the world," said Poshu Yeung, senior vice-president of Tencent Cloud International, in an interview with the South China Morning Post. "I’m not going to disclose the exact number and the timeline, but I can highlight that likely it's going to be another 30 to 50 percent growth in terms of the number of data centres."
The country is one of the fastest-growing public cloud markets in the Asia-Pacific with a compound annual growth rate of 25 percent, according to a report by the Boston Consulting Group. Its market size is projected to increase to US$0.8 billion by 2023.
Last year has witnessed higher demand for digitalization spurred by the Covid-19 pandemic with many local companies realizing the importance of going digital. Tencent's international cloud business grew at a triple-digit rate last year and is expected to continue to do so this year. Now Tencent Cloud is accelerating the global expansion.
Source: Business Times, Sina Tech, South China Morning Post
Comment(2)
The stock will perform well however due to it’s china exposure I will not be investing in the stock
Wahh
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