East China’s Jiangsu province signed an agreement of strategic cooperation Wednesday in Nanjing. Lou Qinjian, secretary of the CPC Jiangsu Provincial Committee，met with Ma Huateng, Chairman and CEO of Tencent. Wu Zhenglong, governor of Nanjing, attended the signing ceremony.
Lou congratulated Tencent on its rapid development in the Internet field.
He said Jiangsu has managed to take the lead in the country’s opening up and reform and the people in jiangsu is now making concerted efforts to study and implement the spirit of the 19th CPC National Congress and the important instructions made by General Secretary Xi Jinping during his inspection tour to Jiangsu early December last year.
As a universal technology, computer and Internet are profoundly changing the life style of the society and bringing unprecedented development opportunities, said Lou.
The CPC Provincial chief said Jiangsu boasts advanced brick and mortar economy from its strong foundation of manufacturing industry and rich pool of talents of the scientific and educational sectors, thereby promising huge prospects for the development and application of the Internet industry.
He hoped both sides would tap into the opportunities brought about by the Internet and computer technologies to deepen and promote cooperation for the upgrading of the quality and efficiency of the industries in the province.
Ma Huateng briefed the top leaders on Tencent’s latest development strategies and its long-term cooperation with Jiangsu.
Ma hoped Tencent could boost its cooperation with Jiangsu in information industry and intelligent city promotion to contribute to the high quality development of both sides.
In recent years, Tencent has cooperated with Jiangsu in the Internet plus strategy, maker space, cloud computing, big data and the IoT to achieve fruitful results.
According to the agreement, both sides will kick off a new round of cooperation to boost the development of cloud computing and big data as well as the smart city construction and the Internet plus.
Founded in November 1998, Tencent is a leading provider of Internet value added services in China. Since its establishment, Tencent has maintained steady growth under its user-oriented operating strategies. On June 16, 2004, Tencent Holdings Limited went public on the main board of the Hong Kong Stock Exchange.
In November last year, Tencent became Asia's most valuable company with its shares closing at record high on the Hong Kong Stock Exchange by becoming the sixth ranking company in market value in the world.
Tencent is also the first Asian company to beat the 500 billion-dollar mark.
Chairman and CEO of Tencent, Ma Huateng, said the company recorded strong business growth in games, digital content, online advertising and payment related services.
Analysts said the new market value put Tencent in the same camp as U.S. tech giants Apple, Alphabet, Microsoft, Amazon and Facebook, whose values have all exceeded the 500 billion-dollar mark.
(Source:Jiangsu International Channel)
