WeChat owners announce big investment

The technology sector today is one of the most prominent at the economic and political level. Without going any further, two of the most important countries in the world such as China and the United States are openly diplomatically confronted, among other things, by the tension generated by different advances in technology.
The latest news about WeChat, the most important messaging service application in the eastern country, brings us that its manager Tencent will spend a large amount of money to develop improvements in important technological services.

An ambitious plan

One of the advantages of WeChat is the number of people who use it. The application that was born in 2011 is the product of a very important firm such as Tencent. The company, in addition to the messaging program, provides internet services, advertising and develops video games. Any move that Tencent makes does not go unnoticed.
In the last month, the eastern multinational announced that it will invest, over the next five years, 70 billion dollars in developing infrastructures of different very important technologies. Within the plan are artificial intelligence, cloud services, cybersecurity and digital financial systems.
Tencent's plan also expands into other areas such as improvements to new 5G networks, the Internet of Things, databases, servers, and a blockchain accelerator. Those early-stage or mature blockchain startups will have 30 places enabled to present their projects to the company. Among the issues that Tencent highlighted as sectors of interest for its development are governance mechanisms, IT solutions and smart contract security.

An opportunity in times of crisis

WeChat's growth is undisputed and the new investment announced by Tencent is probably one of the world's biggest tech industry news of the year. In a 2020 that finds a good part of society mired in a great crisis that sparked the coronavirus pandemic, the technology sector has benefited greatly.
Tencent executives found that one of the consequences of the coronavirus pandemic will be an increase in business demand for technology services. Given this scenario, where many companies have moved jobs from offices to homes, they make the decision to invest in the aforementioned projects. Following the announcement of the project, the firm's shares increased 2.5%.

The latest news on WeChat and its owners' project to make such a relevant investment in technological infrastructure show where the future of the world economy is oriented, both in terms of knowledge development and political power. The diplomatic tension that the United States and China have been dragging for months has as one of its main axes the advances that refer to technology. It is worth noting that the country that has the most advanced and fast services will be able to access the information, data and control of a large number of people since technology is a central part of our day to day.