China Tech Digest: Tencent Cloud, Alibaba Cloud To Expand Presence In South Korea; BYD, Momenta Set Up Smart Driving Joint Venture

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Tencent Cloud, Alibaba Cloud plan to expand presence in South Korea

Tencent Cloud recently announced that its sales amount, employees and partners in South Korea have increased by 100% year-on-year. Tencent Cloud will double its employees next year, and expand its service scope to cover content, e-commerce and manufacturing for Korean customers. Besides, Alibaba Cloud announced in October this year that it will set up its first data center in South Korea. After the completion of data center in the first half of next year, Alibaba Cloud will provide technology support to South Korean companies in the fields of e-commerce, finance and logistics.

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