Tencent has revealed it will invest 10 billion yuan ($1.57 billion USD ) over the next five years to boost a multi-national cloud computing operation across North America, Hong Kong and China.

The online social and gaming giant is looking to boost its presence in the cloud computing field as other internet giants, Alibaba and Baidu, are also expanding. Tencent entered a MOU with IBM in November last year to extend their presence in corporate cloud computing.

Alibaba’s cloud computing department, Aliyun, has also agressively expanded its operation outside of China. In March, they launched their first U.S.-based data centre in Silicon Valley. Last month they launched a strategic centre in Singapore, at the time Ethan Yu, VP of Aliyun told CNBC that the company is looking to make the Singapore centre the biggest outside of China.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com