Tencent's Cloud Offensive in the Middle East: Attack on the Dominance of US Hyperscalers!
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The Chinese technology giant Tencent (HKEX: 700) is pushing forward with its global expansion, increasingly setting its sights on the Middle East. As confirmed by Dowson Tong, CEO of Tencent Cloud Group, to media representatives (among others, based on reports from CNBC), the company plans a massive expansion of its data center capacities in the region. This move is a direct response to the current investment boom in AI and digital infrastructure in the Gulf states. As a result, Tencent is entering into even sharper competition with established...
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