Tencent has provided a nine-figure renminbi sum for Eastern Jinxin as part of a data research and development partnership with its cloud computing subsidiary.
Internet company Tencent invested hundreds of millions of renminbi (RMB100m = $14.8m) in China-based big data technology developer Eastern Jinxin on Sunday through a partnership agreement.
Founded in 2013 and also known as Eastern Jin, Eastern Jinxin has developed a suite of big data products and services that covers areas such as data management and control, data applications, data mining and analysis.
Tencent’s cloud computing subsidiary, Tencent Cloud, is set to partner the company on research and development for products…
