Tencent Highlights Its Global Vision and Strategies on Leading Next Wave of Cloud at Flagship Summit

Annual flagship summit alongside its first-ever international summit to showcase how Tencent's industrial internet and cloud expertise help businesses succeed globally in digital transformation

HONG KONG, Nov. 30, 2022 /PRNewswire/ -- Tencent introduced its first-ever Global Digital Ecosystem Summit at its annual Digital Ecosystem Summit held on 30 November and 1 December in Shenzhen, in effort to deepen the company's ties with international audiences.


Tencent Highlights Its Global Vision and Strategies on Leading Next Wave of Cloud at Flagship Summit

Tencent introduced its first-ever Global Digital Ecosystem Summit at its annual Digital Ecosystem Summit held on 30 November and 1 December in Shenzhen.

Tencent Cloud and Smart Industries Group (CSIG)'s leaders and experts, as well as strategic business partners, joined together to share their visions for the future of cloud, immersive convergence, Web 3.0 and other detailed strategies to accelerate international growth, while showcasing a diverse portfolio of business success stories on integrating cloud solutions into gaming, fintech, social communications, entertainment, e-commerce, and other verticals.

Industrial Internet: Propelling Collective Success across Multiple Industries

As Tencent looks to further create sustainable growth, Dowson Tong, Senior Executive Vice President of Tencent and President of CSIG, underlined 'Immersive Convergence' as an important strategy and roadmap for the company's future pipeline, "The convergence between our physical and virtual worlds is transforming the way we live. Leveraging our technologies and connectivity solutions, we will continue driving innovations for enterprises to boost their digital competitiveness." 

Tencent has been spearheading the evolution of the Industrial Internet, creating innovative enterprise solutions to enhance performance and bring business value. Today, Tencent's enterprise communication platform, WeCom connects over 10 million organizations to 500 million Weixin/WeChat active users. Tencent's cloud conferencing tool, Tencent Meeting/VooV Meeting supports more than 300 million users worldwide, while its blockchain-powered e-signature service supports millions of users to complete signing a contract in only 15 seconds. More than three million of developers have also used Tencent CloudBase to create mini programs, deploy web applications and develop mobile applications.

Global Partner Ecosystem: Co-creating Business Values

Approaching its seventh year of operating in international markets, Tencent Cloud has already made significant strides in supporting enterprises' growth globally, as well as their expansion into China - including the likes of Fortune Global 500 companies BMW Group, Sanofi, and Novartis.

This year, Tencent Cloud also rolled out its first global partner program, aimed at nurturing a stronger and more diverse partner ecosystem around the world – including more channel partners, technology partners, service providers and consulting partners – to support global digital transformation. To date, Tencent has built more than 400 customized solutions for over 10,000 partners – jointly serving 2 million customers in their digital transformation journey. The Tencent Cloud's partner ecosystem is generating up to one-third of its total revenues.

Tencent Cloud continues to see an upward growth trajectory and it is now turning to further expansions into Latin America, and the Middle East. Tencent Cloud currently operates in five key regions and markets – Hong Kong & Macau, Southeast Asia, Northeast Asia, Europe and the Americas.

Tong added "Going forward, we will continue to invest in the global market for our cloud and software businesses by expanding our overseas infrastructure coverage, developing our local integration and service partnership network, as well as enriching our product offerings around cloud, video, AI, database, and network security for the international markets. All of this with the goal of building a competitive product portfolio and a sustainable technology business to service and scale with our global customers and partners as the world embraces digital transformation."  

Last year, Tencent Cloud opened six new data centers in Bangkok, Frankfurt, Hong Kong, Jakarta, Tokyo, and Sao Paulo, bringing its total to 26 geographic areas on five continents and 70 availability zones, as well as exabyte-level storage capacity. Its content delivery network has deployed 2,800 acceleration nodes worldwide.

Next Wave of Cloud: Empowering Partners in Web 3.0 Era

Best known for its expertise in cloud and years of experience in the fields of games, audio and video solutions, Tencent Cloud provides a solid and reliable foundation for businesses to adapt and scale into Web 3.0.



Poshu Yeung, Senior Vice President, Tencent Cloud International pointed out that more global partners are looking to integrate their operations and services to adapt and scale into Web 3.0.

Poshu Yeung, Senior Vice President, Tencent Cloud International further pointed out that more global partners are looking to integrate their operations and services to adapt and scale into Web 3.0. He added, "From providing the best hyperscale infrastructure to creating a one-stop shop for cloud solutions, we aim to support the Web 3.0 community to adopt critical technologies, such as the Internet of Things, Tencent Real-Time Communication (TRTC), extended reality, remote and multi-sensory interaction, to drive deeper connection between the virtual and real worlds."

Towards a Fully Digitalized Hong Kong 

During the summit, Steven Choi, the Head of Tencent Cloud, Hong Kong and Macau, has also shared several customers' success stories as they showcased their brands on the digital transformation journey.

For example, a well-known jewellery brand, Chow Tai Fook Jewellery Group, has developed the "CloudSales 365" smart retail application built upon Tencent Cloud, to enable better people-to-people engagement and create a seamless shopping experience for customers across online and offline sales channels since 2019. Today, "Cloudsales 365" has connected frontline staff with over eight million customers. By cultivating a stronger private domain ecosystem and establishing closer ties between customers and Chow Tai Fook, our customers are willing to spend more on "Cloudsales 365" which offers personalized shopping recommendations than the general e-commerce platforms.

On the other hand, Fusion Bank is the first virtual bank in Hong Kong to implement Tencent Cloud's electronic Know-Your-Customer (eKYC) solution, effectively reducing its customer acquisition costs, fraud risks, and enhancing their new customers' user experience. The eKYC solution has enabled Fusion Bank to achieve close to 100% of facial recognition accuracy1 and liveness detection passing rate, and to improve approximately 10% of its authentication rate2.  Hence, it is estimated to save over HK$ 2 million per annum.

Ryan Chan, Chief Information Security Officer, Fusion Bank, said, "The collaboration with Tencent Cloud is pivotal in the transformation of our technology, especially in eKYC solution and public cloud journey. As a strategic investment by Tencent Holdings, we look forward to deepening this partnership and driving innovations that enable a better banking experience, continuing to strive for financial inclusion in Hong Kong and the Greater Bay Area."

For further information, please visit: www.tencentcloud.com.

Note:

[1] Results are based on internal testing jointly performed by Tencent Cloud and Fusion Bank.

[2] These indicative percentages are based on experience with Fusion Bank. It is for informational purposes only and does not constitute any guarantee of actual product performance.

 

About Tencent Digital Ecosystem Summit 2022

Tencent Digital Ecosystem Summit is the annual event of Tencent Group facing the industrial Internet with the highest specification, the largest scale and the widest coverage. And the Tencent Digital Ecosystem Summit 2022 aims to gather global wisdom and insight into new opportunities for industrial development, depict the development blueprint of key technologies such as cloud, AI, big data and security, and display Tencent's latest research results, strategic planning, cutting-edge technologies, core products and solutions. The conference gathered the industry best practices accumulated by Tencent's global digital ecological partners in the process of promoting "industrial digitization" and "digital industrialization". It is regarded as a panoramic interface for enterprises, partners, developers and the public to understand Tencent's digital ecology. 

About Tencent Cloud

Tencent Cloud, one of the world's leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel and transportation.

About Tencent

Tencent uses technology to enrich the lives of Internet users. Our communication and social services, Weixin and QQ, connect users with each other and with digital content and services, both online and offline, making their lives more convenient. Our targeted advertising service helps advertisers reach out to hundreds of millions of consumers in China. Our FinTech and business services support our partners' business growth and assist their digital upgrade. Tencent invests heavily in talent and technological innovation, actively promoting the development of the Internet industry. Tencent was founded in Shenzhen, China, in 1998. Shares of Tencent (00700.HK) are listed on the Main Board of the Stock Exchange of Hong Kong.


Source: Tencent Related Stocks: HongKong:0700 OTC:TCEHY
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