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Tencent amps up efforts to bolster digital transformation

Tencent Holdings Ltd is doubling down on the burgeoning industrial internet sector, in a move to bolster the digital transformation of manufacturing and improve the operational efficiency of enterprises.

The company has developed its industrial internet platform WeMake, with 3 million items of industrial equipment connected to the platform, serving about 400,000 industrial enterprises in 22 vertical segments, said Cao Lei, vice-president of Tencent Cloud. 

By leveraging cutting-edge digital technology, such as big data, cloud computing and artificial intelligence, WeMake aims to help manufacturing enterprises quickly build data-driven smart factories, and improve the digitalization of enterprises' operation, manufacturing process and equipment management, he said.

The company also unveiled its latest digital solutions covering intelligent factories, digital marketing services and digital industrial chains during its Global Digital Ecosystem Summit held in Shenzhen, Guangdong province.

The industrial internet, a new type of manufacturing automation that combines advanced machines, internet-connected sensors and big data analysis, will boost productivity and reduce costs in industrial production.

Known for its expertise in cloud computing and years of experience in the fields of games as well as audio and video solutions, Tencent Cloud is committed to helping enterprises, especially the small and medium-sized manufacturing enterprises, accelerate digital upgrades, Cao added.

The revenue of China's industrial internet market is projected to reach 914.7 billion yuan ($129.6 billion) in 2022, with a compound annual growth rate of 14.4 percent in the next three years, according to a research report released by market research firm CCID Consulting.

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