Chinese internet conglomerate Tencent (0700.HK) recently signed an agreement to build a new Tencent Cloud industrial Internet supercomputing center in Chongqing, during the company's 2018 China "Internet Plus" and Digital Economy Summit. Under the agreement, Tencent's cloud computing product and solutions subsidiary Tencent Cloud Computing will work with the Chongqing Economic and Informatization Commission, the Liangjiang New Area management committee, and Chongqing-based automobile developer Changan Automobile (000625.SZ) to develop the project. The new center will help to satisfy Changan Automobile's needs for computing services for industrial design and simulation.
Funding for the project will be provided in a series of three investment stages, with total funding reaching RMB 1 bln.
Based on the industrial Internet smart supercomputing center, Tencent Cloud and Changan Automobile will also work together to develop cloud services for smart automotive industry design and big data projects. The parties will collaborate to provide resource and service support for Changan Automobile's projects in the smart networking and new energy domains.
In addition, the parties will cooperate on projects and services related to manufacturing simulation, industrial big data, and artificial intelligence, to support Chongqing's high-quality industrial base resources in the automotive, machinery, and electronics and information sectors.
Keywords: Internet automobile Tencent cloud computing 0700.HK Chongqing Economic and Informatization Commission Tencent Cloud artificial intelligence Changan Automobile 000625.SZ industrial internet supercomputer hardware