Tencent – Digital Transformation Strategies
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Tencent Holdings (Tencent) has been focusing on using artificial intelligence, cloud, 5G, and mobile gaming to digitally transform its operations. The annual ICT spending of Tencent was estimated at $3.88 billion for 2021. A major share of this spending is earmarked for acquiring software, hardware, and network and communications from vendors. Tencent is a provider of internet services and portals. Tencent offers services, such as communication, information, entertainment, and ecommerce; internet services, such as instant messaging, online media, wireless internet, interactive entertainment, and online advertising; online trading and payment services, as well as wireless internet value-added services (VAS) through its portals. Tencent provides its services under the QQ Doctor, QQ Player, QQ Pinyin, QQ Download, QQ Music, Tenpay, Weixin/WeChat, and QQMail brands. The Tencent Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology partnerships, technology introductions, investments, acquisitions and ICT spending among others.
Digital Transformation Strategies
Tencent has unveiled a new ‘3D Ecosystem Strategy’ for its cloud division, which is Tencent’s long-term strategy. As a part of this strategy, Tencent has teamed with Intel to create a fast cloud disk solution in areas such as latency and input/output operations per second (IOPS). The new approach centers around three core dimensions: technology, open source, and business partnerships.
To gain more insights on digital transformation strategies and initiatives of Tencent, download a free report sample.
Tencent Technology Theme Focus
Tencent is utilizing a number of emerging technologies including artificial intelligence, cloud, and 5G among others to achieve operational efficiencies.
Tencent Technology Theme Focus
To know about other technology themes under focus for the company, download a free report sample
Tencent Technology Initiatives
Tencent has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, technology investments and acquisitions over the last few years. For instance, in 2019, Tencent partnered with Novartis to launch AI-powered disease management platform for heart patients.
For more insights on other technology initiatives of Tencent, download a free report sample
Tencent ICT Spend by Function
- Data center
- Communications
- Network
- Applications
- End-user computing
- Management
- ICT Service desk
For more insights on ICT spending by function, download a free report sample
Tencent ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Tencent ICT Spend by Channel
For more insights on ICT spending by channel, download a free report sample
Tencent External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Consulting
- Network and communications
- Others
Tencent External ICT Spend by Segment
For more insights on external ICT spending by segment, download a free report sample
Tencent Digital Transformation Strategies Overview
Total ICT Spending 2021 | $3.88 billion |
ICT Spend by Function | Data center, Communications, Network, Application, End-User computing, Management, and Service desk |
ICT Spend by Channel | Internal development and maintenance, Technology vendors (direct), Local resellers, Telcos, ICT services providers/consulting firms, Specialist outsourcers, and Systems integrators |
External ICT Spend by Segment | Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others |
Technology Theme Focus | Artificial intelligence, cloud, 5G, mobile gaming, and e-commerce |
This report provides:
- Insight into Tencent’s technology activities.
- Overview of technology initiatives covering partnerships, technology introductions, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into Tencent’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Tencent in 2021?
The annual ICT spending of Tencent was estimated at $3.88 billion in 2021.
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What are the key ICT spending categories by function for Tencent?
The key ICT spending categories by function for Tencent are communications, data center, network, applications, end-user computing, ICT service desk, and management.
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What are the key ICT spending categories by channel for Tencent?
The key ICT spending categories by channel for Tencent are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
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What are the key external ICT spending categories by segment for Tencent?
The key external ICT spending categories by segment for Tencent are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), ICT services, network and communications, consulting, and others.
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What are the key technology themes in focus for Tencent?
The key technological theme in focus for Tencent are artificial intelligence, cloud, 5G, mobile gaming, and e-commerce.
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