Date
21 November 2017
Ren Yuxi, chief operating officer of Tencent, says the company will facilitate over 2.4 million apps on the QQ platform. Photo: usstock.jrj.com.cn
Ren Yuxi, chief operating officer of Tencent, says the company will facilitate over 2.4 million apps on the QQ platform. Photo: usstock.jrj.com.cn

Tencent to nurture partnerships with hardware firms

Tencent Holdings Ltd. (00700.HK) has pledged to invest 2 billion yuan (US$327.07 million) next year to strengthen partnerships with internet hardware developers, with a focus on promoting products developed by start-up firms and micro enterprises.

The Chinese company aims to become the “connector” between end-users and hardware developers, the Hong Kong Economic Journal reported Friday.

The goal is to help over 1,000 traditional business forge online partnerships in three years, the report said, citing Tencent’s vice president Yin Yu.

The multimedia, technology and internet giant will open its QQ platform for Internet of Things initiatives.

The efforts will cover online distribution, ultra-speed connection, extension of services, information by touch, big data computing, secure and reliable services and access at point.

The scheme could facilitate over 2.4 million apps on the platform, supporting as many as 5 million software developers, according to Ren Yuxi, Tencent’s chief operating officer.

The profit-sharing ratio will be lowered from the existing 30 percent, with the first one million yuan of revenue within the first three months from launch of an app to be exempted.

Tenecent earlier inked a deal with the provincial government of Hainan to establish a software industrial park oriented to entrepreneurs around the globe.

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VW/JP/RC

Freelance journalist

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